COLUMBIA, Md.--(BUSINESS WIRE)--IndiSoft, a technology development firm that focuses on systems for the default services industry, announced that Residential Credit Solutions (RCS) has deployed the RxOffice Loss Mitigation module. RCS has already successfully used the RxOffice Vendor module to help manage its mortgage servicing relationships with specific investors. The implementation of the new module further streamlines RCS’ processes while improving operating efficiencies for supporting loans in default.
“IndiSoft’s technology offers a level of transparency that allows our clients to improve their internal default management processes as well as communication with their business partners,” said Karun Khanna, COO of IndiSoft. “This is a crucial time to help companies in both the loss mitigation and default services space to operate as efficiently as possible. They need to remain competitive and meet the increased demands from every angle of the market; from customers, to vendors, to regulatory changes.”
Using RxOffice Loss Mitigation module, RCS can receive loans in default from its clients or investors and efficiently work with borrowers to gather needed information and supporting documentation for speedier decisions in order to provide relief to borrowers.
RCS, based in Fort Worth, Texas, is an integrated investment and servicing company focused exclusively on credit-sensitive residential mortgage loans. RCS has quickly become a leader in the acquisition and servicing of performing, at risk and non-performing residential mortgage loans. The company’s integrated asset investing/servicing business model gives it a competitive advantage, enabling the company to effectively leverage its specialized mortgage servicing platform, innovative technology and management infrastructure to maximize performance of serviced mortgages and optimize investment returns for its customers.
“Improving processes means quicker resolution for borrowers in distress, which allows RCS to take on a greater volume of loans to service,” Mark Rogers, chief administrative officer with RCS, explained. “With the RxOffice Loss Mitigation module, we have reduced the amount of time spent in the decisioning process. IndiSoft’s commitment to developing technology that really does improve processes coupled with extraordinary customer service made it an easy decision to implement another RxOffice module.”
IndiSoft’s RxOffice platform features specific modules developed to improve workflow and create transparency in all aspects of loss mitigation and default servicing, which can be tailored to maximize operating efficiencies for clients based on their unique requirements.
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 is offering its RxOffice® platform (patent pending) 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 259th in the 2010 Inc. 500 listing of fastest growing private companies in the U.S., and was 15th in the financial services industry in the same ranking. For more information about IndiSoft visit its Web site at www.indisoft.us.