DRI Partners With Equi-Trax on Servicer Offering – NMP Skip to main content

DRI Partners With Equi-Trax on Servicer Offering

NationalMortgageProfessional.com
Oct 13, 2011

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.
Published
Oct 13, 2011
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