As defaults, foreclosures and modifications become the new residential real estate lending vernacular, speedy automated loan execution technology is beginning its own migration to the mortgage market’s underbelly-turned-mainstream.

One example is the deployment of quick-time loan modification technology at Wingspan Portfolio Advisors—an effort to turn a multi-week loan salvage process into an affair that can last only a few minutes, ostensibly in time to keep a borrower in his or her home. Wingspan will offer the product to firms servicing poorly performing loans. Wingspan will also use the technology, as it does some mortgage investing of its own.

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