Huron Consulting Group launched a residential mortgage loan review service that supports banks and other lending institutions dealing with large scale, loan-related lawsuits, investigations and regulatory inquiries.
The Huron Legal solution offers a fixed unit price for each loan file reviewed, which results in cost savings of up to 75 percent for clients, says Shahzad Bashir, vice president, Huron Legal. With the continuing fallout from the home loan crisis, government agencies and private litigants are putting increased pressure on banks and other lending institutions to provide loan-related information.
Not only are these organizations required to analyze loan files under severe time constraints, but the complexity of data and the sheer volume of files combine to render their analysis a very expensive proposition, absent a scalable, efficient process with an alternative non-hourly fee model, Bashir says.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.