DSNews The homepage of the servicing industry
""Commerce Velocity"":http://www.cvelocity.com/, based in Irvine, California, has updated their Optimizer solution to better assist servicers as they comply with new industry requirements.
[IMAGE]The updates were designed to ensure timeliness, provide comprehensive audit trails, and allow for clear communication between loss mitigation and foreclosure departments.
[COLUMN_BREAK]Noting the challenges new regulations pose for servicers, Commerce Velocity President Umesh Verma says, ""The sheer scale of loans in default or foreclosure, each requiring and deserving detailed attention, has been a major challenge for servicers to manage.""
Verma believes the answer to guaranteeing consistent enforcement of new policies lies not in augmenting staff, but in the introduction of the appropriate technology.
The solution will include existing resources armed with flexible default workflow technology
that requires little training,"" Verma states.
""It is the only way to manage the dynamic changes in regulation and strive to meet the consent order deadlines,"" Verma adds.
A member of the Fidelity National Financial family of companies, Commerce Velocity provides technology solutions to the default servicing industry.
