Home / News / Government / Five Brothers Introduces New HUD Claims Processing System
Print This Post Print This Post

Five Brothers Introduces New HUD Claims Processing System

Warren, Michigan-based ""Five Brothers"":http://www.fivebrms.com, a nationwide provider of commercial and residential mortgage default management solutions, announced the release of its ClaimSys HUD claims processing system this week.


ClaimSys acts as an enhancement to existing claims processing programs and expedites Federal Housing Administration (FHA) claims by allowing users to generate completed HUD claims A through E quickly and efficiently, according to the company. Users can automatically populate more than 170 required data fields to decrease claims processing costs, improve productivity, and reduce errors.

""ClaimSys offers a simple way to accelerate time-consuming HUD claims,"" said Joe Bada, CEO of Five Brothers. ""It speeds processing, reduces workloads, and ensures compliance with mandated deadlines, all while integrating easily with the client's current processing system. The result is error-free regulatory-compliant claims in far less time.""

ClaimSys imports expenditures-to-date and other key data from the Five Brothers FiveOnline asset preservation workflow management system while working with existing mortgage servicing systems, including LPS MSP, GCC G/Serv, and MortgageSERV.

About Author: Heather Cernoch


Check Also

Mortgage, Delinquencies Snapshot as 2022 Wrapped Up

According to Black Knight, mortgage delinquencies were up seven basis points month-over-month but down 9% year-over-year. Also, prepayments fell for the third straight month.