eMASON announces upgrades to its Clarifire applicationMortgagePress.comeMASON, loss mitigation, Clarifire, Fannie Mae, Bank of America, HomeSaver Advance
eMASON Inc. has announced key product upgrades to its Clarifire
application, creating increased flexibility and expanded
capabilities. The Clarifire application is a Web-based process
automation technology solution that increases efficiency of
workflow and communications among business users, customers and
partners. The technology is used by key financial services
companies such as Fannie Mae and Bank of America to manage their
mortgage servicing processes.
Clarifire now features certified Fannie Mae loss mitigation
business rules within the application for HomeSaver Advance and
Preforeclosure Sale workout types, as well as a direct connection
to Fannie Mae's system of record, Home Saver Solutions Network
(HSSN). Loan Modification workout types are set to go live in early
March. The direct connection to the organization's HSSN system
allows servicers to reduce or eliminate manual efforts required to
submit workout data to the organization for approval. Currently,
all servicers must manually key in the workout information into
HSSN.
"The new upgrades to Clarifire bring cutting-edge automation and
technology to our clients, providing the flexibility to update
rules on-the-fly, respond rapidly to the changing needs of business
- overall reducing risk and cost of change," said Jane Mason, CEO
of eMASON, Inc. "With its Web-based design and flexibility,
Clarifire streamlines workflow as it automates and provides our
clients and their partners real-time and easy access to their
business processes - increasing efficiencies and reducing
costs."
The application offers real-time case decisioning, borrower
workout option suggestions and comparisons, along with automated
process creation based on workout option selections. The Clarifire
application has already proven success to Fannie Mae by reducing
the cycle times associated with providing workout options to the
borrowers in need.
Currently, 15,000 users rely on the Clarifire application to
automate their workflow. For Loss Mitigation, more than 110
attorney firms and 23 mega-servicers in the Fannie Mae network use
the Clarifire application, including newly-added Nationstar
Mortgage. Dallas, Texas-based Nationstar joined the loss mitigation
attorney program this month.
eMASON's Clarifire is built on the latest (3.5) .Net platform
and leverages the service oriented architecture capabilities to
provide cutting edge integration opportunities for all of its
users. eMASON offers bi-directional and customizable connectivity
to servicers and other business partners.
For more information, visit www.emason.biz.
