DS News

MortgagePoint April 2025

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

Issue link: http://digital.dsnews.com/i/1533987

Contents of this Issue

Navigation

Page 49 of 83

MortgagePoint » Your Trusted Source for Mortgage Banking and Servicing News 48 S P E C I A L S E C T I O N BEST IN TECH BEST IN TECH R E C O G N I Z I N G T H E B E S T I N M O R T G A G E T E C H N etDirector provides data integration, automation, and additional services to the mortgage banking industry. They have made massive strides in improving efficiency and data mobility throughout the default servicing space, especially in the face of suppressed foreclosure levels post-COVID. Attorneys and servicers around the country rely on NetDirector's technology to exchange data across case manage- ment systems, publications, title companies, servicer platforms, and more. NetDirector has recently adapted artificial intelligence into their tech stack, providing auto- mated, machine-learning-pow- ered solutions for text redaction, text extraction, and more. These new technologies ensure data privacy for all participants and ease the road to full compliance for hundreds of customers. One NetDirector customer leveraged a combination of integration and automation services to save around $1 million per year compared to manual processing and diverted their valuable human resources towards critical tasks that required skilled human intervention (full case study available upon request). As default servicing attorneys (and the vendors that serve them) continue to face record-low foreclosure numbers, efficiency remains top of mind for the industry at large. NetDirector's one-to-many style integration is a key part of long-term efficiency and scalability plans. O utamation® is a leading provider of automation and AI-driven solutions, helping businesses streamline complex, manual processes across the mortgage industry. With cutting-edge tech- nology and a relentless focus on efficiency, compliance, and customer ex- perience, Outamation is revolutionizing industry workflows while driving measurable business impact. Our commitment to security and regulatory compliance is reinforced by our ISO and SOC 2 certifications, ensuring the highest standards of data protection and operational excellence. Industry Challenge & Our Solution. Loan modification is slow and frag- mented, taking 60–90+ days, causing borrower frustration, compliance risks, and inefficiencies. OutamateMods™, powered by Outamation's proprietary tech, streamlines the process with AI-driven automation, seamless data integration, a customizable rules engine, and automated document generation, enabling faster modifications and better borrow- er outcomes. Proven Impact With Measurable Success • Up to 300% Faster Loan Modification Processing: Our solutions dramatically cut turnaround times, allowing servicers to better meet borrower needs. • 100% Client Quality SLA Performance: Enhanced decision accu- racy ensures compliance and risk mitigation, reinforcing servicer confidence. • Turnkey Implementation in Days, Not Months: Cloud-based, API- first architecture enables rapid deployment and seamless system integration. • Significant Cost Savings & Risk Reduction: Industry-leading representation and warranty policies minimize financial exposure while our transactional pricing model optimizes cost efficiency. • 3x Year-Over-Year Revenue Growth: Outamation's rapid expansion underscores market demand for our breakthrough solutions. • Enhanced Borrower & Client Satisfaction: As the first to launch the FHA and VASP Programs, our customer-centric approach has delivered measurable improvements in borrower experience and operational confidence. By combining AI-driven automation with compliance-backed decisioning, OutamateMods™ is setting a new standard for mortgage servicing—empowering lenders to streamline processes, mitigate risk, and drive sustainable growth. NETDIRECTOR OUTAMATION netdirectormortgagebanking.com outamation.com What Sets NetDirector Apart: • Vendor-neutral integra- tion platform provides a customer-workflow-centric integration and data han- dling approach • One-to-many, hub-style integration exceeds the flexibility of vendor-to-ven- dor integrations, and reduces the burden placed on servicers and attorney firms simultaneously • Fully integrated services such as AI-powered text extraction and redaction, SCRA military searches, PACER searches, and more allow firms to streamline their workflow and conduct a wide variety of actions without human intervention at every appropriate step of a foreclosure • White-glove customer sup- port, including a dedicated Integration Analyst to func- tion as a single point of con- tact, ensures NetDirector functions more like a highly specialized extension of your team than "one more technology vendor"

Articles in this issue

Links on this page

Archives of this issue

view archives of DS News - MortgagePoint April 2025