CoreLogic released a new default servicing platform to the mortgage industry that it says will streamline the way mortgage servicers manage loans through all stages of the default lifecycle.

The new platform, DefaultView, opens pathways between previously disconnected servicing functions, allowing an exchange of information across multiple departments. The platform offers nine modules that interconnect within its architecture to help provide a more efficient and transparent default servicing operation.

DefaultView uses a master-loan architecture that offers a singular view of a loan. This design enables end users across a default enterprise to easily see a complete transaction history including workflow steps, resulting data, outcomes, and all related documents and messages. By enabling top-down transparency across all relevant default departments and functions, the platform simplifies reporting and strengthens management oversight.

Built on an open-architecture foundation, this fully integrated, web-based platform brings together servicing data and functions to unify default servicing efforts. From loan modification decisioning through claims processing, DefaultView provides a single user interface accessed through a secure, role-based logon to the platform portal. Users with role-specific permissions can transition between functional modules without leaving the platform. DefaultView also provides the ability to track specific historical activity throughout the loan default lifecycle, from creation to conclusion.

 

 

[This article was posted on March 7, 2012, on the website of ABA Banking Journal, www.ababj.com.]  

TrackBack URI for this entry