MBA NEWSLINK - August 23rd, 2010
By Charles Wisniowski

In a decidedly mixed blessing, technology venders in the default management service sector anticipate their business to continue to boom in the wake of higher mortgage default rates and a real estate market that continues to struggle to right itself amid an anemic economic recovery. Read More — >

XCONOMY via SEATTLE POST-INTELLIGENCER - August 11th, 2010
By Thea Chard

Bellevue, WA-based DepotPoint, a provider of a Web-based tracking platform for the real-estate foreclosure market, has raised $2 million in equity out of a $4.5 million offering, according to a regulatory filing. Read More — >

MORTGAGE BANKING - August 2010
By Warren Lutz

If the focus last year was on loan modifications, in 2010 the focus is shifting to short sales, with a new federal program designed to provide relief to borrowers for whom loan modifications are impractical or impossible.

These challenges have created a new segment within the mortgage industry of companies aiming to help servicers deal with the extraordinary demand for short sales, as well as the hurdles to getting them approved. And the hurdles are significant. Read More — >

PROGRESS IN LENDING - July 12th, 2010
By Anthony Garritano

In reflecting on current industry circumstances, (DepotPoint President & CEO Joe) Filoseta has some ideas on how to get the secondary market back in the game.

If non-government entities are to re-enter the mortgage space, Joe thinks there are some things that need to happen to get them interested in mortgage again. Read More — >

MORTGAGE TECHNOLOGY - July 2010
By Anthony Garritano

Our four major criteria for inclusion of eligible vendors and service providers on our list are customer satisfaction, functionality, market share and viable revenue model.

DepotPoint brings technology innovation to the distressed property market with state-of-the-art solutions that deliver transparency, efficiency and intelligence to every default servicing transaction. Read More — >

REAL ESTATE BELMONT HEIGHTS BLOG - May 4th, 2010

The U.S. government is encouraging short sales as a solution to the nation’s still-growing foreclosure crisis, but insight from industry players indicates that borrowers and lenders alike are having trouble executing short sale transactions. Read More — >

THE REO INSIDER - April 23rd, 2010
By Austin Kilgore

It’s a competitive world for real estate agents and brokers, especially those working in the REO universe. In addition to handling the day-to-day demands of facilitating REO property transactions, agents are always trying to market themselves.

To throw its hat into the ever-growing social media marketing opportunities that exist for agents, Bellevue, Washington-based DepotPoint launched a new Web-based service for agents to attract new short sale and REO clients. DepotPoint is a technology company that develops software for distressed asset servicing. Its primary service is TrackPoint, a software-as-a-service (SaaS) that tracks short sale and REO workflow. Read More — >

DS NEWS - April 20th, 2010
By Brittany Dunn

DepotPoint, Inc., a Bellevue, Washington-based provider of default servicing workflow solutions recently announced that it has launched a real estate agent network and modified its proprietary short sale solution to be fully compliant with the administration’s Home Affordable Foreclosure Alternatives (HAFA) program, which went into effect on April 5.

AgentConnect, the company’s new real estate agent network, is a powerful Web-based tool for qualified real estate agents who want to help troubled homeowners gracefully exit their mortgage commitment through a short sale. Read More –>

MORTGAGE ORB.COM - April 15th, 2010

DepotPoint Inc., a provider of default servicing workflow solutions, has launched AgentConnect, a tool designed to help qualified real estate agents gain visibility from DepotPoint’s short-sale and real estate owned property (REO) clients, the company says.

“More than ever, investors and servicers require real estate agents with legitimate, on-the-ground experience selling distressed properties,” says Joe Filoseta, DepotPoint president and CEO. Read More –>

AgentConnectSM delivers marketing exposure to real estate agents with short sale, REO expertise;TrackPointSM Platform fully compliant with federal short sale initiative

Bellevue, WA, April 13, 2010 – DepotPoint, Inc., a leading provider of default servicing workflow solutions, has launched AgentConnect, a tool for real estate agents which provides valuable marketing exposure and is designed to help qualified agents gain visibility from DepotPoint’s short sale and REO clients. The company has also announced that its TrackPointSM solution for short sales is fully compliant with the U.S. Treasury’s Home Affordable Foreclosure Alternatives (HAFA) program, which went into effect last week.

AgentConnect is a powerful web-based tool for qualified real estate agents who want to help troubled homeowners gracefully exit their properties and mortgage commitments through short sales. For only $99 a year, agents can create a profile featuring their credentials and previous short sale and REO expertise, and be placed on a list of qualified short sale or REO agents in their market area. When agents are assigned to a short sale or REO property, all of their activities within the workflow will be tracked and compiled into performance scores available for viewing by DepotPoint’s clients. Read more >