IndiSoft LLC, a technology developer focusing its efforts on the default service management industry, announced that it has enhanced its RxOffice platform to meet and Home Affordable Modification Program (HAMP) Request and Income documentation requirements as a result of the recent supplemental directives from the U.S. Treasury and the government-sponsored enterprises (GSEs).
"We ensure that all of the RxOffice portals meet the up-to-date requirements set by government agencies as well as Fannie Mae and Freddie Mac," said Sanjeev Dahiwadkar, president and chief executive officer of IndiSoft. "As we provide the default service management industry reliable technology, we are enabling our clients to improve their process and turn-times, which correlates to improved outcomes for all parties involved."
RxOffice now supports and enforces the standard HAMP Trial Plan Request documentation requirements (effective June 1, 2010 for non-GSE loans) as set forth by the Treasury Supplemental Directive 10-01 Home Affordable Modification--Program Update and the Fannie Mae 09-31 Servicing Guide amendment and Freddie Mac Bulletin 2010-3.
Using its advanced document generation capabilities, RxOffice automatically generates a completed Request for Modification and Affidavit (RMA) form, required for HAMP consideration, based on the information from the homeowner and/or counselor. RxOffice also supports the streamline income documentation requirements under these new program changes by applying them to specific loan and financial hardship situations.
"RxOffice has automated every aspect of the default servicing management process so that all parties can communicate and have timely information," Dahiwadkar said. "In fact, our platform continues to support detailed information collection that exceeds the HAMP minimum requirements in a flexible, multi-format data exchange."
For more information, visit www.indisoft.us.