Banks, Servicers, Private Equity Firms

Banks and Servicers are overwhelmed with the current volume of defaults occurring in their loan portfolios. Few tools and resources exist that help optimize the processing, oversight and ultimate recovery of these non-performing assets. DepotPoint creates intelligent solutions that improve processing efficiency, create greater transparency and facilitate faster transactions.

DepotPoint solutions reduce elapsed time and costs of managing distressed loans and properties and ensure transparent processing oversight with comprehensive reporting.

The combined TrackPoint platform allows a property file to be managed from within the same system throughout the entire default process until disposition through either a pre-foreclosure, auction or REO sale. It eliminates the need for multiple solutions and interfaces, and integrates with exiting servicing platforms.

Industry Challenge

Solution

Currently, the disposal of distressed properties, whether bank-owned or in pre-foreclosure, is slow and inefficient. Inventories are at historic levels and there are few tools to help streamline the processing, optimize the marketing and efficiently facilitate transactions.

Servicing staff is overwhelmed, which affects transaction performance. Banks and servicers have low portfolio visibility and limited vendor accountability management through the processing timeline.

Transaction processing – short sale, foreclosure, or REO – takes weeks or months as the necessary documentation, communication and decision making processes are performed inefficiently. There simply hasn’t been an effective platform or solution that brings efficiency to this entire process.

The TrackPoint Platform — an integrated web-based platform that provides a complete end to end default solution. A property file is processed completely from within the same system.
Default Module Automated and audit-ready default management with a unique workflow tool that utilizes a comprehensive 50-state regulatory knowledgebase. Learn more >
ShortSale Module Automated workflow tool that tracks the collection of critical information, and facilitates communication as part of the negotiation process between a homeowner, buyer and mortgage company. Learn more >
REO Module An automated workflow tool that efficiently processes REO properties nationwide incorporating data intelligence to improve decision making and specialized local agent network. Learn more >
Title Module An automated workflow tool that processes title orders automatically, uploads required documentation, and follows a file through the entire title process. Learn more >
Loan Portfolio Monitoring Portfolio protection with automated alerts to new activity on a new property or borrower. Learn more >
ForeclosurePoint An open distressed property marketing platform that improves transaction efficiency by providing a unique set of resources to real estate professionals and buyers. Learn more >

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For more information or to schedule a demonstration Call 1-866-841-5641

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What Others Are Saying

“One stop shop for managing foreclosures”
- Managing REO