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DS News May 2021

DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.

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29 Clarifire CORPORATE DETAILS: 11399 16th Court N., Suite 100, Saint Petersburg, FL 33716 | 866.222.3370 | Info@eClarifire.com | eClarifire.com KEY PERSONNEL Jane Mason | Founder and CEO Melissa Myers | VP, Solutions Design and Implementation Lauren Walling | VP, Business Development COMPANY DESCRIPTION Founded in 2000, Clarifire is a privately held, women-owned corporation that provides business process automation software to the financial services industry. Clarifire has over a decade of experience in delivering process automation proficiency. The company was named in MReport's Top 30 in Mortgage & Servicing for 2020, along with numerous other awards for helping servicers work more efficiently, proactively manage risk, and implement technology solutions to navigate current industry challenges. Clarifire is a trusted, proven servicing partner. BUSINESS LINES, PRODUCTS, AND SERVICES CLARIFIRE ® is a process automation application that uses low code intelligent business rules to drive dynamically changing workflows. CLARIFIRE automates complex processes, enabling nimble, flexible, self-service options for borrowers and straight-through servicer processing for no-touch systemic results. CLARIFIRE's workout underwriting engine, CLARIFIRE CALCULATOR ® , provides seamless automated eligibility, validation, qualifications, and structuring for all workouts. COMPETITIVE ADVANTAGE CLARIFIRE offers the capabilities to leverage proven, seamless, interactive processes with industry-specific features. Whether you want to create processes, change them, or use proven processes from our library, your organization can move quickly and efficiently. Here's how: • CLARIFIRE's robust servicing workout underwriting engine, CLARIFIRE CALCULATOR, combines workflow automation with all workouts, including the CARES Act. With workout eligibility decisions in seconds, it is easy to solve borrower distress rapidly. You can also integrate this feature with data, service providers, and systems of record. • CLARIFIRE's self-service feature, CLARIFIRE COMMUNITY®, enables borrowers to get results, providing a secure, seamless experience for automated workout approvals, documents, and notifications in real-time. • Our CLARIFIRE CONTACT® feature centralizes all borrower data and workflows into a single view, giving servicers the ability to answer customer inquiries quickly. With the push of a button, you can launch loss mitigation processes and approve workouts. • The CLARIFIRE UI presents a library of web services that enable business users to extend the application's reach for automated ordering of products, services, and data from third parties. • Clarifire offers a full-service SaaS model that includes PaaS capabilities with no development needed. ADDED VALUE Clients use CLARIFIRE for: • Automatically processing and approving borrower self-service forbearance, deferrals, and loan modifications requests • Nimble, rapid updates and client specific enhancements current with agency initiatives as needed • Reallocating COVID-19 or special case workflows to experienced single points of contact • Borrower outreach in bulk • Loss mitigation expertise and deep industry experience to transform operational chaos into clarity KEYS TO SUCCESS CLARIFIRE places operational control and flexibility back in the servicer's hands, enabling the ability to manage unceasing changes in regulations and investor guidelines with ease. CLARIFIRE has transformed the financial services industry by providing servicers with the accelerated power of proven, connected workflow automation and workout underwriting. Our expertise makes CLARIFIRE a trusted, best-in-breed application for loss mitigation and process automation. Best in Loss Mitigation Companies Guide

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