Five Brothers Launches Two New Service Offerings

Warren, Michigan-based ""Five Brothers"":http://www.fivebrms.com/, a nationwide provider of commercial and residential mortgage default[IMAGE]

management solutions, recently announced the release of two new service offerings, including a data input service and a document storage system.

The QuickData HUD P260 bid data input service â€" available exclusively to users of Five Brothers Field Service Solutions â€" provides efficient data entry, including photo transfers, into the new HUD P260 Portal. Notification of completed data input is posted to the company's FiveOnline asset preservation workflow management system, which is Web-based and accessible 24/7.

Using the HUD P260 Portal, mortgage servicers simply accept and submit the pre-entered bid, saving time, preserving resources, and eliminating workflow backup.

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According to Five Brothers, the requirement to use this portal to submit all HUD information became effective April 7, 2010.

""QuickData is a simple solution that eases the strain on client resources resulting from the current uptrend in loan defaults,"" said Joe Bada, CEO of Five Brothers. ""We saw a need from our customers to ensure compliance with HUD requirements, without sacrificing efficiency, so we took that opportunity to help by simplifying their workload.""

In addition to launching this data input service, Five Brothers released its IntelliStorageTM Web-based document storage system.

The IntelliStorageTM system provides secure electronic storage of business-critical documents, and its robust functionality includes high-speed scanning, intelligent document classification (indexing), enterprise-wide file access through a secure Web-based interface, and automated workflow management.

This new system integrates content with business processes, allowing mortgage professionals to reduce cycle time, streamline workflow, and increase productivity.

""As mortgage industry demands intensify for more efficient data management and control, Five Brothers remains committed to providing the best and most comprehensive technology solutions to our clients,"" said Bada. ""Our IntelliStorageTM system ensures easier, more cost-effective scanning, indexing, and retrieval of loan documents, ultimately allowing mortgage servicers to process more loans in less time.""