CoreLogic, a Santa Ana provider of business and analytics services, has released a new technology platform designed to aid mortgage industry specialists in efficiently managing loans throughout the default loan process.
The DefaultView platform’s nine modules operate on an open-architecture foundation with a single user interface, which facilitates greater flexibility and simplicity in loan management and default servicing operations.
The fully integrated Web-based platform’s design enables users to view transaction history, workflow steps, data and outcomes, creating a transparent operation that allows for increased management oversight and simplified reporting.
"DefaultView is one of the most transparent and cohesive solutions for managing default," said Kevin Wall, CoreLogic senior vice president of default services. "This platform is unique in that it uses a unified approach to give servicers an unprecedented level of visibility into the path of a loan in default from beginning to end. All modules can be used together as an end-to-end solution, or in configurable combinations suited to specific needs."
"The beauty of DefaultView is that servicers can define their workflow and business rules," said Chris Howard, CoreLogic vice president of technology solutions. "The platform can be adapted to integrate a servicer's existing technology, so there's no need for expensive programmers to rewrite code or manage configurability. This product will be key to remaining nimble in a very dynamic default market."
DefaultView will not only shrink bottom-line costs by boosting accuracy and efficiency, but also improve short- and long-term operations for servicers of all sizes and with all loan volume levels, which will ultimately support the health of the servicing industry as a whole," added Howard.
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