Cloud-based data exchange provider NetDirector, headquartered in Tampa, Florida, has announced the launch of an integration with the Default Managing Reporting System (DMRS) of Fannie Mae, according to an announcement from NetDirector.
Current and prospective customers will be able to automate the reporting process with Fannie Mae by using the new addition to NetDirector's Default Servicing ecosystem. The first group of firms to go live with the new DRMS integration was the LOGS attorney network, with support from their technology solutions provider, assure360. According to NetDirector, 16 LOGS firms have connected with the rest of their firms to go live with the new NRMS integration in the near future.
Assure 360 was instrumental in implementing NetDirector's DMRS integration for the LOGS network, as LOGS' technology provider.
LOGS is one of the largest networks of attorney firms offering total default management, from title insurance services to loss mitigation to litigation and REO management. Assure 360 is a full-service technology software and outsourcing solutions provider for the default servicing industry with offerings that include cloud-based case management system ProMatters, dedicated IT outsourcing resources such as best-in-class Tier 3 data centers, IT support and service, and information and security consulting.
"We chose NetDirector because of their proven track record," said Meg Palmer, AVP of Client Services for assure360. "Their team is very knowledgeable and works with our clients' specific needs and requirements. We expect a significant reduction in our development effort and the firms' operational resources by automating the DMRS reports through NetDirector's cloud-based data exchange."
With NetDirector's integration, reports are automatically converted their XML files to Pipe Delimited format (as required) before being uploaded to the DMRS system, saving the firm valuable time. Previously, this conversion took a substantial amount of time for a large number of reports. In addition, firms can now automate the file transmission using information stored in the firm's case management system due to NetDirector's creation of all the look up values within the transaction.
"It is always rewarding to provide new automated solutions that make our customers more efficient," said Harry Beisswenger, CEO of NetDirector. "The assure360 team realized that automating DMRS reporting would save the LOGS' firms a significant amount of effort and resources due to the large number of reports they deal with on a daily basis. We really appreciate all of the testing and validation efforts of the assure360 team in rolling out this new service."