EPITOME Foreclosure and REO reduces turnaround times and stems potential losses while ensuring compliance with investor requirements
Pre-Packaged Functionality
EPITOME Foreclosure and REO allows banks and mortgage servicers to streamline processes and focus their resources and skill-sets on decision making
- Supplement and/or replace manual pre-foreclosure, foreclosure and REO processes
- Enterprise-scale content management and workflow to support the foreclosure/REO process
- Operations managers use the real-time dashboard to manage work and avoid process bottlenecks
- Configurable business rules and load balancing push work to the right person at the right time
- Automated marketing report and inspection tracking, repair bid approval and monitoring, assembling pricing and offer histories
- Easy communication among all involved parties so case managers can focus on fundamental rather than follow-up tasks
Benefits
- Increase volume of loan workouts
- Focus skilled resources on critical responsibilities
- Allocate support-related tasks to less skilled resources or BPO
- Decrease loan write-off volume
- Decrease time spent in Foreclosure
- Increase speed of referral to attorney
- Increase speed of cases through pipeline
- Understand cost per day per loan in Foreclosure