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DecisionReady Completes One Million Compliance Reviews on Delinquent Loans

IRVINE, Calif. Feb. 8, 2011

In today’s servicing environment, ever-changing state and federal regulations and myriad government programs have introduced unprecedented complexity around servicer policy definitions and the related challenge of implementing compliant default servicing programs. The rising complexity of delinquent mortgage loans, and their escalating volume, also has resulted in a significant increase in both direct and indirect servicing costs. Servicers need to respond by changing their servicing process, adding more associates and implementing new technologies.

DecisionReady’s software technology allows servicers to ensure that their associates are adhering to the latest servicer guidelines and supplemental directives. The solution provides for global deployment of new policies and procedures very quickly, and it simplifies training. The decisions made on each loan by each associate are documented for quality control reviews, investor forensic audits and portfolio analytics. The platform facilitates the easy customization of rules to conform to each servicer’s individual policies and their interpretation of investor guidelines.

And DecisionReady can respond quickly to help servicers meet new regulatory and compliance issues. Last year, the company within a few weeks developed a software module for its technology platform enabling servicers to respond to robo-signing issues by managing the review and execution of the affidavit of indebtedness documents.

The DecisionReady Compliance Suite is available to servicers through web-based software, which complements the major servicing systems. It includes modules for collections, loss mitigation, and foreclosure compliance for multiple investors including Fannie Mae, Freddie Mac, and HUD. Each module helps servicers comply with the numerous regulations in default servicing.

Ravi Ramanathan

the United States

Dan Mahler

The DecisionReady Compliance Suite offers comprehensive solutions and consistent policy enforcement in collections, loss mitigation, short sale, pre-foreclosure review, foreclosure sale date postponement and the review and execution of affidavit of indebtedness documents to prevent robo-signings.

About DecisionReady:

www.DecisionReadySolutions.com

PRESS CONTACT

Rosalie Berg

Strategic Vantage Marketing & Public Relations

(305) 971-5352

[email protected]

SOURCE DecisionReady

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