DRI Management Systems, Inc. introduced a new technology module Monday to automate the process of remarketing REO assets. The company explained that its new DRI Broker system facilitates direct, electronic communications between real estate agents and lenders' REO departments, enabling asset managers to accelerate resolutions and lower servicing costs throughout the REO process.
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DRI Management Systems, Inc., a 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 with capacity planning, workflow tracking, services ordering, and enhanced communication capabilities.
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With the mortgage industry reeling from foreclosure documentation problems, specialty servicers are in greater demand than ever to keep homes from entering the foreclosure process in the first place. Increasing demand requires greater efficiency to free up overwhelmed staffs, and specialty servicers like Wingspan Portfolio Advisors, are finding technology essential for maximizing both time and human resources. The company is employing DRI Management System's new Rincon solution to automate workflow tasks and handle more loans.
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Default process management software provider DRI Management Systems, Inc., has announced its new Web-based, loan servicing application for the mortgage industry, Rincon. According to the California-based company, the Rincon platform helps overburdened servicers keep pace with demands for borrower assistance. Rincon is expected to double or triple the workload each servicing specialist can handle.
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