Quandis Inc., a Foothills Ranch, Calif.-based provider of default management mortgage technology solutions, has released a Web-based short sell application designed to automate short sell workflows and streamline communications between servicers, lenders, borrowers and real estate agents.
According to the company, the new application integrates with leading mortgage servicing platforms and is completely configurable and customizable to the servicer's unique short sell process. Servicers, lenders, investors, borrowers and real estate agents all have separate logins to the Web portal that standardize the format in which information is submitted and establishes much needed transparency. The company adds that the new application can process short sale transactions in approximately 60 days.
