Covius, a provider of technology-enabled services to the financial service industry, has integrated its full suite of loss mitigation services with Clarifire, a business process automation company.
The integration will allow Clarifire workflow users to seamlessly order most third-party products and services needed as part of any loss mitigation workout strategy, all through a single interface and a single vendor relationship.
Joint clients will be able to seamlessly access and order the full range of Covius credit, valuation, tax, HOA, title and loan modification documents services directly from their Clarifire dashboard, at the click of a button or have Clarifire systemically place the orders for them.
Data from these services will flow directly into Clarifire’s loss mitigation waterfall engine, including information used to prepare title and borrower verifications. When a workout decision has been reached, users will be able to create compliant documents that Covius will print and deliver through integrated carriers and/or electronically for traditional ink or e-signature.
“This centralized integration complements our dynamic, cohesive, connected secure application and adds further value to our joint clients that are progressively seeking more and more automation,” says Jane Mason, CEO of Clarifire, in a release. “Covius’ expertise in the loan modification process and its full range of products and services will deliver greater efficiencies and scalability to our clients.”
“Servicers are looking for fast, accurate and defendable loss mitigation recommendations that offer better outcomes for both borrowers and investors,” adds Pete Pannes, Head of Servicing and Capital Markets Solutions at Covius. “Combining Clarifire’s workflow solutions with Covius’ suite of tech-enabled offerings will give them a ‘one-stop’ access and eliminate the need for multiple application programming interfaces.”
