IndiSoft Enhances RxOffice® Platform to Meet New U.S. Treasury Directives

COLUMBIA, Md.--(BUSINESS WIRE)--IndiSoft, a technology development firm that focuses on systems for the default services industry, announced that it enhanced RxOffice to meet the updated Home Affordable Foreclosure Alternatives (HAFA) eligibility rules and forms, such as the Dodd-Frank Affidavit. Specifically, the RxOffice Short Sale module supports the capture of all data needed to successfully execute either a HAFA or traditional short sale.

“IndiSoft not only provides stellar technology, it also has the commitment to the industry that is needed to help with rebuilding.”

“Part of experiencing success in mortgage technology is providing the industry with the most up-to-date systems as quickly as possible,” said Anna Taylor, CTO of IndiSoft. “It is imperative for technology to maintain continuous industry changes, and our RxOffice platform allows users to have peace of mind that their processes will be compliant.”

RxOffice Short Sale enables Realtors, short sale outsource service providers and sellers/homeowners to initiate and track a short sale throughout the process. RxOffice document management makes documents viewable and electronically available to all parties – homeowners, Realtors, title agents – who can contribute to the same document repository in order to keep all short sale and substantiating documents with specific tracked versions together and easily accessible. Additionally, other modules including RxOffice Realtors, Outsourcers, and Title Agents can all take advantage of the RxOffice workflow and secured messaging to coordinate short sale activities.

Wingspan Portfolio Advisors uses RxOffice Short Sale for relocation-based short sale processing.

“We are very pleased to have a technology partnership in which we do not have to be concerned about whether we are compliant with the latest regulatory changes and requirements,” said Robert Shiller, vice president of enhanced servicing at Wingspan. “IndiSoft not only provides stellar technology, it also has the commitment to the industry that is needed to help with rebuilding.”

About IndiSoft LLC

Columbia, Md.-based IndiSoft LLC develops, licenses and supports a wide range of SaaS solutions for the financial services industry, including RxOffice Legal, RxOffice Mortgage Insurer and RxOffice Reporting Portal. IndiSoft continues to lead the innovation in transforming how the default servicing industry communicates and exchanges information. The company’s RxOffice® platform (patent pending) is available to mortgage insurers, investors, servicers, counselors and homeowners with secured communications technology and the infrastructure to enable transparent and real-time communication to speed up the decision and execution of the same.

IndiSoft was named one of the Top 50 Service Providers by Mortgage Technology magazine, was ranked 259^th in the 2010 Inc. 500 listing of fastest growing private companies in the U.S., and was 15^th in the financial services industry in the same ranking. RxOffice also won Mortgage Technology magazine’s 2010 10x award for exponentially affecting the mortgage industry. For more information about IndiSoft visit its Web site at www.indisoft.us.

About Wingspan Portfolio Advisors

Wingspan Portfolio Advisors of Carrollton, Texas, is a specialty mortgage servicer and component servicer that applies advanced and highly specialized servicing techniques to turn non-performing loans into re-performing assets, as well as handling short sales and other resolution processes. The company was founded by Steven Horne, a highly experienced attorney, former Fannie Mae executive and an expert on servicing distressed assets. Wingspan Portfolio Advisors’ senior management team has over 125 years of collective specialty loan servicing experience, focusing on severely delinquent first and second mortgages for lenders, servicers and investors. For more information please visit www.WingspanPortfolioAdvisors.com.