Mortgage servicing technology provider Sagent has launched Dara Invoice, a real-time solution to manage invoices related to mortgages in default.
Dara Invoice eliminates the error-prone manual process currently used by servicers to manage these invoices, the firm says in a release. It simplifies the management of invoices between servicers and their partners for default counsel, title, property preservation, and other providers they rely on for default servicing.
Within a unified platform, Dara Invoice offers intelligent capabilities that are unavailable when using today’s antiquated combination of email, spreadsheets, and PDFs, the firm says.
Within its open ecosystem and using real-time data, Dara Invoice enables anytime audits, flexible reporting, and rules-based actions that lead to unprecedented efficiency.
“Dara Invoice addresses a longstanding issue for servicers by minimizing the back-and-forth communication with partners and eliminates the need for stare-and-compare by their teams,” says Perry Hilzendeger, EVP of strategic growth at Sagent, in the release. “It’s another great example of Sagent’s commitment to maximize operational efficiency for all mortgage servicing stakeholders while elevating the human role throughout the servicing lifecycle.”