RES.NET, a technology platform allowing mortgage banking companies, vendors, consumers, and other parties to communicate around a transaction, recently launched a component of its server suite. PropertyCure Data Portal, software that helps servicers in the more specialized divisions of the industry, addresses operational challenges associated with managing files for both investors and GSEs.
According to RES.NET, the solution helps servicers to track a property preservation company’s progress, servicing errors, violations, utilities, bids, and property registration, as well as additional processes such as hazard insurance claims and inspections. The technology allows servicers to manage each of their preservation vendors in one place by using workflow tools that can be configured on a per portfolio basis. Additionally, direct vendor systems integrations with RES.NET allow servicers to access vendor updates directly within PropertyCure, eliminating the need to access multiple vendor sites.
“Our products are created to work in concert with one another, helping our customers maximize efficiencies and in turn, control costs,” said Keith Guenther, CEO and co-founder of RES.NET, a subsidiary of USRES.
RES.NET offers an all-encompassing servicer technology suite for servicers, investors, lenders and hedge funds. Integrating features such as tasking, messaging, reporting, and document sharing with flexible customization offerings enables the company to provide efficient, tailor-made solutions to its customer base.
Guenther added, “We recognized that the specialized areas of servicing were having to rely on legacy or centralized platforms and their needs weren’t being met, forcing them to be reliant upon cumbersome, highly manual processes that often resulted in costly errors. We sought out to develop a solution that would be relevant, fill this void and round out our suite of servicer solutions to address all types of loan servicing challenges. I’m pleased with the progress our team has made and the innovation we continue to carry through each of our products to benefit each of our customers.”