DRI Launches New Default Management Platform

DRI Management Systems Inc., a provider of default process management software, has announced Rincon, a new Web-based loan servicing application for the mortgage industry. The platform includes four modules – loss mitigation, bankruptcy, foreclosure and real estate owned (REO) – in its initial release.

The system's .Net browser-based platform is designed for accelerated deployment and easy implementation, and its workflow processes are supported by user-defined and automated business rules, the company explains.

The Web-based design embeds letters, forms and other essential workflow items into the automated environments of each specialized module, along with pre-authorized lender and investor parameters and workout modeling, DRI says. Third-party services (e.g., valuations, credit and title reports, flood certifications and file referrals) are available with a DRI-sponsored vendor network and can be ordered either as needed or automatically by the rules engine.

SOURCE: DRI Default Management


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