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44 ORANGEGRID PARTNERS WITH TIMIOS ON DEFAULT MANAGEMENT SOLUTION OrangeGrid LLC and Timios Inc. have announced a strategic partnership making Timios the preferred provider of title, escrow, valuation, and asset management services within OrangeGrid's GridReady default management ecosystem. Additionally, Timios has made a significant equity investment in OrangeGrid to increase distribution capacity, and the companies will collaborate on a number of co-marketing initiatives to accelerate market adoption of the solution. Mortgage servicers who are GridReady customers will be able to seamlessly order title, escrow, and valuation products and track fulfillment by Timios through the GridSource vendor management component of the ecosystem. "e GridReady ecosystem is poised to disrupt default management by making modern workflow technology—which spans the business processes of both mortgage servicers and their vendors—easily accessible and rapidly deployable," said Ray Davison, CEO of Timios. "Timios is excited to join OrangeGrid at the forefront of the digitization of mortgage servicing, enabling our servicing clients to experience the power of process integration that only OrangeGrid can provide." Dallas-based fintech OrangeGrid is a developer and vendor of no/low code software technologies which improve the operational efficiency and effectiveness of financial institutions and their service providers. Westlake, California-based Timios provides a full suite of national title and settlement services, including an end-to-end suite of default services, loan modification, foreclosure, REO (real estate-owned) asset management, BPO (Broker Price Opinions), valuations, and appraisal. "We're thrilled to welcome Timios as our first GridSource strategic partner and as an investor in our company," OrangeGrid CEO Todd Mobraten said. "is equity investment will enable us to significantly scale our product delivery resources to meet spiking demand from the rise in default- related activity, and the addition of Timios, a first-rate nationwide provider of title, valuation, asset management, and escrow services, will further enhance the value of GridReady for our mortgage servicing customers." Industry Updates From mergers and acquisitions to cutting-edge tech tools and solutions, here's the company news the industry is talking about this month.