Quandis Releases Skip Trace App for Distressed Borrowers – NMP Skip to main content

Quandis Releases Skip Trace App for Distressed Borrowers

NationalMortgageProfessional.com
Oct 23, 2012

Quandis Inc. announced the release of a Web-based skip trace application to locate individuals who are in default via a centralized platform. The solution can be utilized by mortgage companies to quickly locate, contact and personally engage with borrowers who are in distressed financial situations. Quandis’ skip trace solution is designed for use by servicers, lenders, banks, default attorneys, loss mitigation centers, third-party collection agencies and essentially any entity that needs to locate individuals. The new skip trace application is utilized to quickly and efficiently contact virtually anyone that is in default, and also for call campaigns to proactively reach out to borrowers and offer them loan modifications, workout options, various government programs, etc. Organizations utilizing Quandis skip trace are able to save time, eliminate errors, reduce costs and offer tools that help comply with state-level telephone contact rules. “In many instances, organizations resort to using manual processes to contact borrowers for debt collection or other outreach purposes,” said Scott Stoddard, CEO of Quandis Inc. “The sheer number of defaults our industry is challenged to manage is the driver behind our developing this application. Handling call campaigns manually or with an antiquated system is cumbersome, time consuming, impedes file completions and can potentially result in the violation of do not call compliance rules. Our skip trace application provides an end-to-end solution that effectively manages the collections and/or call campaign process.” Quandis says that manually locating borrowers typically involves users having to use multiple services such as Lexis Nexis, Pacer bankruptcy searching, TransUnion, 411, 555-1212, Quandis’ automated SCRA military searches and others. This forces employees to constantly jump to different Web sites to locate people, which wastes time and is terribly inefficient. Quandis’ skip trace application integrates with and centralizes each search service into a single application, streamlining searches with the click of a button that instantly returns the results. For users, Quandis’ skip trace solution includes interview-style call scripting and direction, workflow management, task assignments, call prioritization and various tools that enable them to quickly and efficiently complete files. For managers, the application provides them with dashboard-level views and reporting, complete visibility into the entire process and KPIs (key performance indicators) that to help them optimize employee performance, time management and effectiveness.
Published
Oct 23, 2012
Manufactured Housing: The New Affordable Alternative

While the housing market is grappling with widespread affordability and supply, manufactured homes are gaining ground as a new alternative. 

Industry News
Dec 03, 2021
Angel Oak Home Loans Opens 3 New Branches

Continues expansion in Western U.S. with new branches in California, Nevada & Utah.

Industry News
Dec 02, 2021
Open Mortgage Names New President

Joe Stephenson, formerly of American Advisors Group, to lead daily operations.

Industry News
Dec 01, 2021
Homepoint Expands Refinance Program Offerings

Now offers Freddie Mac’s new refinance option, Refi Possible, making it easier for many homeowners with a Freddie Mac-owned mortgage to reduce their interest rate.

Industry News
Nov 30, 2021
Non-QM Lender Deephaven Hires Business Development VP

Dallas-based Tim Fisher charged with growing Deephaven’s correspondent business In Texas and surrounding states

Industry News
Nov 30, 2021
Biden Reappoints Powell As Federal Reserve Chairman

A signal that The Fed will continue its policies as inflation surges and economic uncertainty spikes due to an emerging variant of the coronavirus. 

Industry News
Nov 29, 2021