24
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.
ORANGEGRID CONNECTS
VENDORS THROUGH ITS
NEW GRIDSOURCE OPTION
OrangeGrid, a provider of mortgage ser-
vicing software, has announced it has released
a new environment, GridSource, that connects
all vendor types to its default suite of products
included in their mortgage servicing platform.
GridSource simplifies vendor management
processes, offers additional oversight of vendor's
task load to ensure they are completing assigned
tasks on schedule, and provides easy access to ar-
chived data and documents submitted by vendors
in a single environment. Due to OrangeGrid's
unique architecture, there is no limit to the vendor
types that can be added. e current list of vendor
types already includes property preservation and
inspection companies, valuation providers, law
firms, real estate brokers, and title companies.
Vendors have their own logins where they
can review open tasks and outstanding items
via workflow queues. Becoming a GridSource
vendor is on an invite-only basis based on client
requirements, but once a part of the Orange-
Grid vendor marketplace, they can be easily
added to other existing client processes.
"GridSource offers mortgage servicers
greater insight and control in the way they
manage their relationships with vendors, which
provides enhanced collaboration and coordi-
nation of activities with each other," said Todd
Mobraten, CEO and Founder of OrangeGrid.
"Our customers create operational foundations
via OrangeGrid's product suite and are seeing
even more data centralization and process opti-
mization by bringing in their vendors."
