OrangeGrid, a provider of mortgage servicing software, has released a new environment, GridSource, that connects all vendor types to its default suite of products included in their mortgage servicing platform.
GridSource simplifies vendor management processes, offers additional oversight of a vendor’s task load to ensure they are completing assigned tasks on schedule, and provides easy access to archived data and documents submitted by vendors in a single environment. Due to OrangeGrid’s unique architecture, there is no limit to the vendor types that can be added. The current list of vendor types already includes property preservation and inspection companies, valuation providers, law firms, real estate brokers, and title companies.
Vendors have their own logins, where they can review open tasks and outstanding items via workflow queues. Becoming a GridSource vendor is on an invite-only basis based on client requirements, but once a part of the OrangeGrid vendor marketplace, they can be easily added to other existing client processes.
“GridSource offers mortgage servicers greater insight and control in the way they manage their relationships with vendors, which provides enhanced collaboration and coordination of activities with each other,” says Todd Mobraten, CEO and founder of OrangeGrid. “Our customers create operational foundations via OrangeGrid’s product suite and are seeing even more data centralization and process optimization by bringing in their vendors.”
