Automate the extensive and often complex steps associated with bankruptcy
ICE offers web-based capabilities to help you efficiently manage loans through the various stages of the bankruptcy process, including notification, case monitoring, closing and claim filings. The Bankruptcy™ solution supports existing business processes with configurable event tracking and client-defined exception handling to help you streamline bankruptcy processes, reduce risk and communicate more effectively with attorneys.
GET STARTEDWithin a default operation, bankruptcy can be a time-consuming process, with intricate rules that servicers must follow.
The Bankruptcy solution seamlessly integrates with the MSP® loan servicing system and bankruptcy services, such as NDC and AACER. The guided navigation and event timeline management tools provide an easy path to help you track and manage court filings.
Frequently asked questions
Using the Bankruptcy integration with MSP, loan data can be retrieved to produce approved U.S. Bankruptcy Court Proof of Claim (POC) forms. Servicers can prepare, modify, and approve POC forms and upload documents that need to be included. They can also print the forms directly from the application or transmit the data to an approved third party to complete the filing. Additionally, the solution can help servicers minimize errors, reduce risk, increase processing volumes and manage court notices.
The adaptable solution supports existing business processes and client-defined exception handling, while offering highly configurable business rules – delivering the flexibility servicers need to meet business needs as market conditions change over time.