Tag Archives: ServiceLink

ServiceLink announced the acquisition of DRI Management Systems(DRI) Tuesday. Alongside the acquisition, ServiceLink also announced the launch of ServiceLink Fusion(SM), the company's new servicing workflow platform.

ServiceLink announced Tuesday that the company has appointed Chris Azur president. Azur served as EVP and COO of ServiceLink for the last four years. His areas of responsibility included the valuations, title, and closing operations for both the loan origination and default services markets. Prior to joining ServiceLink, Azur was with ATM Corporation. There he held the positions of EVP and COO from the time the company was established in 1993.

ServiceLink announced Tuesday that Greg Whitworth has joined the company as EVP of servicing solutions. Whitworth will help develop ServiceLink's overall default and servicing business strategy, and will focus on building a consulting practice. ServiceLink is a Fidelity National Financial company and currently provides its solutions to 15 of the top 20 mortgage lenders and servicers. ServiceLink's flagship workflow and content management technology, Commerce Velocity, will be a key area of focus for Whitworth.

ServiceLink has unveiled a comprehensive, end-to-end default solution that allows servicers to bridge their current technology to the company's optimized loss mitigation and default technology and outsourcing services. ServiceLink says the goal is to help servicers and investors make the optimal workout decision while maximizing asset value and remaining in compliance with changing regulatory rules.

ServiceLink reports dramatically reduced short sale approval and closing timelines, thanks to the company's short sale business model. The Fidelity National subsidiary cites completed package and contract acceptance in less than 30 days, a far cry from the industry's 90-day delays just a year ago. ServiceLink also reports a total short sale completion time of fewer than 75 days, a process that once took more than five months.