Bellevue, WA (PRWEB) September 29, 2010
DepotPoint, Inc., a leading provider of default servicing workflow solutions, has enhanced its TrackPoint Brief Sale technologies to give asset managers and mortgage servicers higher flexibility and control more than their short sale operations. The newest release, TrackPoint Brief Sale 3., enables customers to customize the handling of pick portfolios by defining roles and responsibilities that are distinctive to a distinct group of loans.

TrackPoint Short Sale was very first launched in 2008 and is now used by top lenders, solutions and asset managers to efficiently manage assets by way of the complete default servicing approach. Considering that the launch of the U.S. Treasury Departments Residence Inexpensive Foreclosure Options (HAFA) program, mortgage servicers have been necessary to offer you borrowers the chance to sell their properties by means of brief sale before it goes into foreclosure. Nonetheless, short sales have been hard to perform with out the appropriate technologies, which has created solutions like TrackPoint Short Sale crucial to the resolution of the nations mortgage crisis.

TrackPoint Brief Sale 3.0s newest characteristics give banks, servicers and asset managers with the ability to customize and manage their roles and responsibilities for every user according to the main investors or servicers exclusive procedure specifications, the person characteristics of a portfolio, or virtually any other objective. Servicers can now manage varied default workflows that contain government programs like the Treasury Departments Home Inexpensive Modification System (HAMP) and HAFA program, Fannie Mae and Freddie Macs versions, and institution-distinct applications primarily based on a servicers special policies, targets and procedures.

“The market was in dire want of a more versatile and customizable brief sale resolution, stated Joe Filoseta, CEO of DepotPoint. Due to the fact of the vast number of disparate entities servicing loans, every with their personal recommendations and objectives, it is very crucial that brief sale technologies offer flexibility but simultaneously guarantee compliance in each work step. The nimbleness weve achieved in TrackPoint three. gives our buyers unparalleled processing efficiency that meets the demands of the most sophisticated servicing operations. The response we’ve gotten from our customers that have previewed three. has been amazing.”

TrackPoint Quick Sale is 1 of the applications of DepotPoints TrackPoint, a workflow-driven enterprise-class technology answer for servicing non-performing assets. TrackPoint is the foundation of DepotPoint’s default servicing applications. The answer functions an innovative workflow engine that assists users via every step of a transactionwhether brief sale, deed-in-lieu or REOand assigns, automates, schedules and tracks every single activity in that workflow, which includes service delivery functionality of third party providers. TrackPoint is deployed as a net-based, software-as-a-service (SaaS) platform and supplements the capabilities of in-home servicing systems.

About DepotPoint, Inc.
Based in Bellevue, Washington, DepotPoint brings technologies innovation to the servicing of non-performing residential assets, developing solutions that bring greater transparency, efficiency and intelligence to every default transaction. The companys core technology platform incorporates a workflow engine and tracking method used in applications across the complete default servicing worth chain. Its TrackPoint platform is an enterprise-class internet-based SaaS solution featuring numerous very best-of-breed applications that give an end-to-end default solution for investors, servicers and asset managers. For much more info on DepotPoint, please go to http://www.DepotPoint.com or get in touch with 866.841.5641.

###





A lot more Loan Modification Services Press Releases