Default Servicing Technologies, Illinois-based creators of a suite of critical software for banks, servicers, subservicers, capital market groups, and other mortgage and real estate industry professionals, has changed its name to Exceleras, according to an announcement from the company.
The name change was made to better reflect the nature of Exceleras’ business and the industry sectors it serves, according to the announcement.
“Automation allows our clients to accelerate the pace of business, which is vital to success,” said Amy Bergseth, VP of Operations for Exceleras. “At the same time, operating in a highly regulated environment requires every technology buyer to seek out excellent partners, especially when it comes to mission critical technology. Expanding beyond the default sector required us to rebrand. Exceleras is now the most excellent solution for accelerating your business with technology.”
The company’s suite of software-as-a-service (SaaS) solutions includes DispoSolutions real estate disposition platform and the ValueSolutions enterprise collateral valuation management technology, which can both be used together or a la carte. When Exceleras clients use the tools together, they can manage assets both pre- and post-foreclosure. They can also manage the process of providing due diligence solutions, such as obtaining valuations and inspections for real estate assets, for portfolio acquisition.
Exceleras systems capture communication and documents to assist in creating transparency and provide a pre-packaged workflow of automated tasks and notices for the default and short sale processes in a manner that is fully compliant.
“For many years, Default Servicing Technologies has played a crucial role in helping its clients deal with valuing and selling real estate,” said Michael Harris, an industry veteran who has been consulting with the company throughout the rebranding process. “The company is unmatched in its ability to meet these demands, but in doing so it has gained valuable experience that has allowed the company to create software that meets a broader set of industry needs. Starting now, the company will meet those needs as Exceleras.”