TrackPoint Loss Mitigation Solution
TrackPoint Loss Mitigation is a web-based solution that dramatically simplifies the loss mitigation process, allowing servicers to increase their productivity, improve their default resolution success rates, and quickly scale loss mitigation operations.
TrackPoint Short Sale is the key application within TrackPoint Loss Mitigation, and manages the complex short sale process by guiding all users, including property owners, real estate agents and vendors, through the process with the fewest required critical-path tasks. Users are able to communicate in one central location that keeps all parties informed. The application also streamlines the negotiation process, and reduces the amount of time required to process a short sale property leading to mores closed transactions.
TrackPoint Short Sale also facilitates the collection of relevant documents and information critical to approving short sales, including tax returns, bank statements, W2s, hardship letters, listing agreements, and purchase and sale agreements. Automatically processed documents speed up responses from lenders in charge of approving transactions. The result is a significantly faster, simpler way of completing short sales.
With TrackPoint Short Sale, servicers can:
- Import and export data via TrackPoint® API, Microsoft® Excel or XML format
- Manage activities, which are automatically scheduled and assigned based on property status, completed tasks and available resources
- Perform multiple tasks simultaneously according to priority
- Quickly configure standard workflows to match their own workflows
- Upload and store all required documents including borrower documentation, foreclosure filings, property photos, BPOs, listing agreements, purchase offers, HUD documents and more
- Share status, documents and comments with other users through a communication hub and user alerts
- Create and save custom reports
- Find listing agents by location, capacity and skills, and maintain agent performance scorecard
- Ensure file security with TrackPoint's SAS70 Type II Certified Secure Platform
- Get up and running quickly - there is no hardware or software to install or maintain, and no internal support staff is needed
Dramatically simplify the recovery of distressed property with TrackPoint Loss Mitigation
