OrangeGrid, a provider of mortgage servicing software, has launched its loss mitigation initiative to enable the company to provide more focused default servicing capabilities to mortgage servicers. The company is now capable of offering its users the ability to quickly scale up when facing a sudden increase in the number of default servicing requirements without having to hire large numbers of new staff.
The solution enables servicers to use a single solution to conduct all its loss mitigation process and production management needs without having to rely on IT departments for customizations or keep up with ever changing regulatory requirements from agencies such as the CFPB. It also creates an eco-system of convergence for all data from a variety of sources, including many popular legacy systems, used in the servicing of mortgage loans.
“OrangeGrid provides innovative mortgage servicers with the ability to easily scale up when dealing with a sudden surge in loss mitigation cases,” says Todd Mobraten, OrangeGrid’s CEO and founder. “Our comprehensive default suite provides process and exception management capabilities offering dynamic workflows, dynamic dashboards and configurable workflows to give users the ability to handle higher volumes of mortgage servicing duties more efficiently.”
