FIS' Mortgage Servicing Package (MSP) is a robust system that can meet your HELOC servicing needs in today's changing markets. Servicers that have consolidated their traditional mortgage and HELOC servicing into one area and are leveraging MSP for both have gained efficiencies and decreased costs. In addition, they have a more complete financial veiew of their borrowers.

Although HELOCs have features similar to credit card loans, they are more closely related to mortgage loans. Many of the attributes of a first mortgage apply, such as escrow administration, fee assessment, foreclosure and bankruptcy, and year-end reporting. Embedded HELOC functionality enables you to fully integrate your servicing processes for HELOCs into MSP, providing you with an end-to-end servicing solution.

MSP offers the following benefits for HELOC servicing:

• Product flexibility
• Functionality for nonperforming loans
• Liquidity and investor accounting
• Compliance