DS News

DS News_February_2023

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

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Page 25 of 83

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."

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