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RoundPoint Adopts Fannie Mae's Foreclosure Prevention Tool

RoundPoint Mortage Servicing Corporation logo

CHARLOTTE, N.C., June 5, 2013 (GLOBE NEWSWIRE) -- RoundPoint Mortgage Servicing Corporation, a leading national mortgage servicing company, announces its recent adoption of Fannie Mae's Servicing Management Default Underwriter™ (SMDU™) tool designed to help mortgage servicers work faster and more consistently to prevent foreclosure.

SMDU is a technology platform which provides consistent, real-time decisions on mortgage loan modifications and other solutions for homeowners with payment challenges and enables workout decisions based on Fannie Mae and Servicing Alignment Initiative guidelines by integrating with existing loss mitigation systems, enhancing solution delivery during the foreclosure prevention process.

Through the use of this tool, RoundPoint offers customers a more comprehensive set of workout options while ensuring compliance to Fannie Mae guidelines. Additionally, SMDU allows for a drastically reduced cycle time within the borrower evaluation process, enabling RoundPoint to communicate decisions to customers much sooner.

"The RoundPoint customer experience has greatly improved since adopting this platform," said Dave Worrall, president of RoundPoint Mortgage Servicing Corporation. "Our customers desire more options and expect immediate decisions, and the SMDU tool allows us to deliver both."

Founded in 2007, RoundPoint specializes in servicing credit-sensitive residential mortgage loans. The Charlotte-based company services approximately $8.5 billion worth of performing and non-performing residential mortgages in all 50 states for a diverse set of clients that include regional banks, credit unions and hedge funds. An approved Fannie Mae and Freddie Mac servicer, RoundPoint has market-leading expertise servicing loans involved in both FDIC loss share and structured loan sale transactions.

ABOUT ROUNDPOINT FINANCIAL GROUP

Headquartered in Charlotte, North Carolina, RoundPoint Mortgage Servicing Corporation is a national mortgage servicer approved by HUD, Freddie Mac and Fannie Mae. The Company is a fully owned subsidiary of RoundPoint Financial Group, which also operates a national mortgage lender, RoundPoint Mortgage Company. For more information about RoundPoint, please call 704-426-8712 or visit www.rpmservicing.com.

RELATED LINKS

http://www.rpmservicing.com

https://www.fanniemae.com/singlefamily/servicing-management-default-underwriter#

CONTACT: Lauren Morgan (407) 909-7236 lmorgan@tavistock.com

Source:RoundPoint Mortgage Servicing Corporation