""Wingspan Portfolio Advisors, LLC"":http://www.WingspanAdvisors.com, a Dallas-based specialty and component mortgage servicer focusing on highly delinquent loans, recently started using the loss mitigation module from technology developer ""IndiSoft's"":http://www.indisoft.us RxOffice platform.[IMAGE]
According to an announcement from IndiSoft, Wingspan will use RxOffice to help borrowers avoid foreclosure through either repayment alternatives or short sales to maximize the value of severely delinquent loans for investors.
""More companies want to streamline their processes, and IndiSoft's technology gives them a way to improve their ability to manage information and documents and effectively communicate and share information internally[COLUMN_BREAK]
and with their business partners,"" said Karun Khanna, COO of Columbia, Maryland-based IndiSoft. ""Our technology gives them the confidence that their workflow and document management processes are optimized to deliver significant improvements.""
Wingspan aims to turn non-performing mortgages into re-performing assets that otherwise go to foreclosure by employing foreclosure alternative strategies, such as short sales. The company's clients include servicers, investors, and mortgage insurance companies.
""We have been able to help thousands of borrowers get back on their financial feet while also saving servicers time and money,"" said Steven Horne, founder and president of Wingspan. ""IndiSoft's technology will be a great help as we expand to meet the rapidly growing demand for our services, enabling us to continue to create these beneficial scenarios for all the parties involved.""
RxOffice features specific modules developed to improve workflow, manage documents, and create transparency in loss mitigation and default servicing. The modules can be tailored to clients based on their unique requirements and individual process methodologies.
""[IndiSoft's] Web services platform brings all parties together on the same page to keep next steps and everyone's requirements clear, concise, and easily actionable,"" Horne said. ""The delays and missteps that have historically plagued these processes virtually disappear.""