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Default Servicing Technologies LLC, creators of a suite of critical software for banks, servicers, subservicers, capital market groups, and other mortgage and real estate industry professionals, has changed its name to Exceleras to better reflect the nature of its business and the industry sectors it serves.
"For many years, Default Servicing Technologies has played a crucial role in helping its clients deal with valuing and selling real estate," said Michael Harris, an industry veteran who has been consulting with the company throughout the rebranding process. "The company is unmatched in its ability to meet these demands, but in doing so it has gained valuable experience that has allowed the company to create software that meets a broader set of industry needs. Starting now, the company will meet those needs as Exceleras."
Today, the company's software-as-a-service (SaaS) solutions include DispoSolutions Real Estate-Owned (REO), Short Sale, Valuation, and Offer Management Platform and the ValueSolutions enterprise collateral valuation management technology. The systems can be used together or a la carte. Together, these tools allow Exceleras clients to manage assets that are both pre-foreclosure and post-foreclosure, as well as the process of providing due diligence solutions for portfolio acquisition such as obtaining valuations and inspections for real estate assets. The firm's systems assist in creating transparency, capturing communication and documents, and providing a "pre-packaged" workflow of automated tasks and notices for default and short sale processes in a fully compliant manner.
"Automation allows our clients toaccelerate the pace of business, which is vital to success," said Amy Bergseth, vice president of Operations for Exceleras. "At the same time, operating in a highly regulated environment requires every technology buyer to seek out excellent partners, especially when it comes to mission critical technology. Expanding beyond the default sector required us to rebrand. Exceleras is now the most excellent solution for accelerating your business with technology."