Use case: Mortgage Loan Servicing – Loss Mitigation
Improve loss mitigation timelines and eliminate backlog
Automatically align to investor servicing standards to reduce loss
Top 5 Mortgage Institution
Lenders servicing standards and policies, CFPB, Freddie Mac, Fannie Mae and now even the Mortgage Bankers Association, have all issued guidelines on how to determine an alternative to foreclosure. Understanding and aligning to these requirements, much less blending them appropriately and fully automating, is a long and arduous undertaking.
Quickly created collections, workout, and alternatives to foreclosure for all regulations, investor guidelines, and servicer overlays specific to channel, geography, and product.
Improved default resolution timelines by 50% and eliminate backlog entirely, reduced exceptions by 60%.