Method and system for monitoring for and reporting of lien distress events

A computer-based method of monitoring for and reporting of a lien distress event relatable to a property, comprising:

• inputting property data including borrower identification data from a client loan portfolio for client loans to be monitored;
• inputting lien distress event notification criteria;
• standardizing the input property data;
• updating the client loans to be monitored with the standardized property data and the custom lien distress event notification criteria;
• iteratively monitoring two or more databases for lien distress events relatable to the client loans to be monitored, wherein the monitoring includes monitoring a public records database by a processor-implemented search process for lien distress events relatable to the property data and monitoring a credit reporting database for lien distress events relatable to the borrower identification data;
• if a lien distress event relatable to the client loans to be monitored is detected, checking whether the lien distress event notification criteria is satisfied;
• and
• if the lien distress event notification criteria is satisfied, delivering a lien distress report to the client.

A system for monitoring for and reporting of lien distress events relatable to lender loans on a property, comprising:

• a client station inputting lender loan data for monitoring;
• an FTP server uploading from the client station the lender loan data;
• and
• a mainframe server comprising:
• a data standardization module for standardizing the lender loan data,
• a database search engine which iteratively monitors a public records database by a processor-implemented search process for lien distress events relatable to property data and monitors a credit reporting database for lien distress events relatable to borrower identification data, and
• a report generating module for reporting to the client station via the FTP server lien distress events relating to the lender loan data.

A computer-based method of monitoring for and reporting of a lien distress event relatable to a property, comprising:

• receiving, using a processor, borrower identification data and property data from a client loan portfolio including a plurality of loans;
• iteratively monitoring, using the processor, a public records database for lien distress events relatable to the property data of the plurality of loans;
• iteratively monitoring, using the processor, a credit reporting database for lien distress events relatable to the borrower identification data of the plurality of loans, the lien distress events including events symptomatic of a property at risk of foreclosure;
• and
• if a lien distress event relatable to the property data or the borrower identification data of the plurality of loans is detected, sending a notification to a client of the lien distress event.