DSNews The homepage of the servicing industry
""IndiSoft, LLC"":http://www.indisoft.us, a Columbia, Maryland-based technology developer focusing its efforts on the default service management industry, announced that its RxOffice platform offers automated U.S. Postal Service (USPS) address verification.
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For clients using USPS, RxOffice will automatically verify addresses upon boarding of loans and cases. In addition, agents can verify and scrub addresses when hand-entering addresses associated to a case or a loan. RxOffice has integrated with the USPS APIs to make this feature available.
Sending letters of notification to homeowners throughout the delinquency life cycle is a requirement to meet insurer, investor, and state guidelines. Failure to send mail to a valid address can invalidate a foreclosure action and expose law firms and servicers to financial penalties including inability to file insurance claims when a loss is taken through foreclosure or REO.
As homeowner contact requirements become increasingly important and regulated through servicing guidelines and U.S. Treasury directives, IndiSoft says it is actively developing additional skip tracing functions and integrations to be included in the RxOffice Portal.
""It is important for IndiSoft to provide our clients with the essential tools that bring much needed efficiencies in the process while staying compliant with the ever-changing regulations and program options,"" said Sanjeev Dahiwadkar, president and CEO of IndiSoft. ""This is the first in a series of enhancements relating to homeowner contact that will further position our clients to meet their obligation to contact homeowners prior to and during foreclosure action.""
