 |
 |
|
| Trackpoint is an incredibly effective tool... |
| - California Trust Deeds |
|
|
|
|
|
Q. What does DepotPoint do?
A. DepotPointTM offers lenders, mortgage servicers, attorneys and trustees Web-based technologies that unify all of the moving parts of a default file as it moves through the foreclosure timeline. Called the DepotPoint TrackPointTM Application Suite, the solution delivers an intelligent tracking and management tool to make managing the foreclosure process much more efficient.
Q. Why does the lending industry need this type of solution?
A. Current solutions which track, manage, and record property information are antiquated, lacking the sophistication long deployed and proven in the greater technology marketplace.
When property loans go into default, bank and lenders assume greater risk, which can initiate a vicious cycle of financial havoc. Foreclosures are increasing nationwide, in some areas by much as 255% in one year, moving large numbers of home loans into default and exposing loan originators to additional vulnerability and further risk.
Q. How does DepotPoint's solution improve the foreclosure process?
A. The DepotPoint TrackPointTM Application Suite deploys the latest in data and information technology to provide lenders and foreclosure trustees/attorney's with a configurable and customizable "one-stop shop" for managing foreclosure. Using a centralized workflow engine and tracking technology, the TrackPoint application suite offers a single point for managing communication to all parties, tracking property status, creating, processing and storing all necessary documents, and handling of exception scenarios (i.e. bankruptcy, debt/title disputes, etc.) - with an easy-to-use interface design that reflects the latest in web-based application design elements and enables users to be always audit-ready. For information on the DepotPoint TrackPoint Application Suite, see the Solutions page.
Q. Is DepotPoint a title company?
A. DepotPoint is an independent technology company, not a title company. This means we can work with any title entity or vendor, in order to offer the best solutions and greatest flexibility to our customers.
Q. What are exceptions and how does DepotPoint manage them?
A. Examples of exceptions include bankruptcy, dept disputes, title disputes and military deployment. DepotPoint manages exceptions by assisting vendors, banks and trustees in the processing of exception scenarios, which can often be a source for delay.
Q. Is DepotPoint a hosted solution?
A. Yes, DepotPoint is a web-based hosted (ASP) solution. No software installation or maintenance is required.
Q. Who does DepotPoint's solutions benefit the most?
A. DepotPoint's TrackPointTM Application Suite is designed to help lenders monitor their portfolios, and help trustees manage the foreclosure process more efficiently and cost-effectively. Foreclosurepoint.com benefits real estate investors by bringing increased efficiency to the purchase process, as well as access to unique financing options.
Q. How are you different from your competitors?
A. Three key ways:
1. We are an independent entity focused just on developing superior technologies for the default and foreclosure management market.
2. We've developed advanced technology solutions that don't exist in the market today.
3. We offer faster, centralized, more efficient and easy-to-use solutions that have already been adopted by numerous consumers and well known companies.
Q. How can I purchase DepotPoint solutions?
A. You can purchase DepotPoint solutions directly by calling 1-866-841-5641
or visiting Contacting Us.
Q. How much do the solutions in the TrackPointTM Application Suite cost?
A. The TrackPoint Application Suite solutions are priced based on a per file basis. As a company, we believe the efficiency of our solutions will reduce the typical per file lien monitoring and foreclosure processing cost - saving the lender and also the consumer significant costs associated with the foreclosure process.
|
|
|
|
|
|
|
