Regulatory knowledgebase
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Workflow engine is based on the only complete, nationwide regulatory knowledgebase for default management across all 50 states. Knowledgebase includes:
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- Judicial, non-Judicial, and DIL
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| - FHLMC, FANNE MAE, FreddieMac, HUD VA codes and timelines |
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Creates schedules based on state and insurer guidelines
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Handles digital document processing based on state requirements
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Ensures compliance and audit-ready status
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Centralized scheduling and tracking
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Only centralized workflow technology that communicates to all parties in the default industry
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Provides detailed tracking and electronic calendaring
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Creates automatic calendaring with alerts based on status of file and state statutes
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Communicates detailed exceptions and solutions on any file directly to the lender/client
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Tracks foreclosure and exception timelines
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Improved business processes
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System maintains audit-ready status to meet regulatory guidelines--can give instant live-file status or show past activities on a file that has been resolved
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Sends filing notices within 24 hours, speeding up timelines with direct communication to all parties in the default space
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Automates redundant manual processes to reduce manual labor and decrease errors
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Information archiving and task tracking mean that the system is always audit-ready
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Provides updated status of all files to reduce Customer, Debtor and Investor phone calls
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Technology
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Web-based ASP model--hosted and administered by DepotPoint--means no software to install or maintain, no internal staff support required
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Flexible, customizable system easily integrates with existing systems--including case management--and does not require changes to existing processes or extensive training to realize benefits
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Allows for scalable expansion across multiple locations in a cost-effective manner
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