DRI Partners With Equi-Trax on Servicer Offering

Equi-Trax Asset Solutions LP, a provider of borrower outreach programs, dynamic portfolio analytics and collateral valuations, and DRI Management Systems Inc., a provider of default process management software, have announced that DRI Management has added Equi-Trax to its Service Ordering Platform. The Service Ordering Platform lets servicers automatically execute their orders for services, seamlessly manage incoming information from providers, and gain access to in-network vendors. “The aim of this partnership is to combine DRI’s workflow automation and process improvement platform with the accuracy and timeliness of Equi-Trax’s BPOs,” said Fred Melgaard, COO of DRI. “BPOs are a key component to servicers’ efforts to address problem loans. We have created a way for servicers to order services, manage the information they receive from providers, and connect seamlessly with Equi-Trax.” Equi-Trax will also offer right-party contact services, appraisals and inspections through the platform. The system delivers efficiencies through order valuation services, allowing clients to monitor transactions, with the awareness that errors and non-reimbursable duplications are eliminated from the ordering process. Moreover, a rules engine ensures automated systems, and an integrated content management system that stores and tracks transaction information is just a click away. “All parties can devote themselves to their core competencies, while we remove transaction friction, reduce their costs, and keep the default management process working smoothly,” said Melgaard.