DRI Management Systems, Inc., a California-based provider of default process management software, added new functionality with several new modules to version 1.4 of its flagship technology. Officially relabeled DRI Office, the platform was previously known by its development code name, “Rincon.”

According to DRI, the new version was created to relieve mortgage servicers’ workloads and improve results.

“In addition to the current volume of delinquencies and defaults, capacity planning issues have made life more complicated for servicers,” says Fred Melgaard, DRI’s EVP. “DRI Office takes a huge burden off servicers by accelerat-

ing processes and keeping their most experienced people from getting bogged down.”

DRI Office includes a litigation module and model office workflow; an administration module with the ability to track any process with a servicers’ custom workflows; and a services ordering module for automated ordering of credit information, valuations (such as AVMs, BPOs, and full appraisals), field services, IRS Form 4506-Ts, social security number verifications, and other services.

It also includes an enterprise content management system called the Bulletin Board that displays messages and store notes indexed to workflow or specific documents. Also part of the platform, DRI Broker integrates an online communications capability with the DRI Office platform to address the needs of the asset manager and the real estate broker.

“Main servicing platforms were never designed to provide specialized default processes, and servicers need sophisticated capabilities to deal with defaults more than ever before,” said Duke Olrich, DRI’s founder and CEO. “Fortunately, these technology tools servicers require have evolved greatly, culminating with this release of DRI Office.”

Online demonstrations of DRI Office are available by arrangement on the company’s Web site.