Outamation, which makes automated workflow technology for various industries including the mortgage industry, has unveiled Outamate Mods, a next generation workflow automation solution for loan modifications.
Tailored for the mortgage industry, Outamate Mods is poised to redefine how businesses approach compliance, efficiency, and client experience, the firm says in a release.
Outamate Mods simplifies the traditionally cumbersome loan modification process, from decision-making to document generation, fulfillment, and recording. With practical, compliant AI at its core, the platform delivers unmatched efficiency, significantly reducing modification timelines. Whether clients adopt the complete solution or select individual modules, Outamate Mods mitigates risk and ensures compliance to enhance operational precision.
“Outamate Mods delivers a solution for Default Servicing teams grappling with complex workflows,” says Sapan Bafna, CEO of Outamation. “We’re empowering mortgage servicing organizations. By streamlining operations, improving quality, and reducing the loan modification process cycle by as much as three times, we are elevating client satisfaction while adhering to rigorous regulatory standards.”
Outamate Mods currently addresses mortgage modifications and is applicable to other industries where high-volume, complex, and compliant financial restructuring is necessary. The platform’s modular design and seamless integration capabilities ensure businesses across sectors can optimize their workflows and deliver exceptional outcomes utilizing Outamation’s hosted environments or the client’s on-prem/cloud environment.
The solution delivers the following benefits:
- Operational efficiency: Shortened loan modification process by two to three times.
- Decision accuracy: Achieved 100% client satisfaction through customizable workflows.
- Risk mitigation and cost savings: Provided industry-leading representation and warranty policies, significantly reducing risk for clients.
- Client implementation: Implemented within weeks, ensuring turnkey integration and rapid adoption.
