Servicing technology provider Sagent has launched Dara Invoice, a real-time solution designed to replace the error-prone manual processes mortgage servicers currently use to manage invoices tied to loans in default.
Dara Invoice streamlines invoice management between servicers and their partners — including default counsel, title companies, property preservation firms, and other vendors essential to default servicing. Housed within a unified platform, Dara Invoice delivers capabilities that go far beyond email, spreadsheets, and PDFs. Built on Dara’s open ecosystem and powered by real-time data, the tool supports anytime audits, customizable reporting, and rules-based automation.
“Dara Invoice addresses a longstanding issue for servicers by reducing the back-and-forth communication with partners and eliminating the need for stare-and-compare by their teams,” said Perry Hilzendeger, executive vice president of strategic growth at Sagent. “It’s another strong example of Sagent’s commitment to maximizing operational efficiency for all mortgage servicing stakeholders while elevating the human role throughout the servicing lifecycle.”
Dara Invoice offers a range of user-friendly features, including industry-standard rules-based invoice processing; comparison to allowable expenses for FNMA, FHLMC, FHA, and VA; user-defined audit creation; bulk invoice submission; custom invoice type creation; a robust reporting suite; vendor appeal invoice processing; and real-time, two-way communication and collaboration.
Dara Invoice is part of Dara by Sagent, a mortgage software platform that unifies all data and user experiences for servicers and homeowners across the entire servicing lifecycle.
