CHICAGO, Ill. /eNewsChannels/ — Quandis, Inc., a leading provider of default management mortgage technology solutions, announced at the 99th MBA Annual Convention and Exposition that it released a Web-based skip trace application to locate individuals that are in default via a centralized platform. The solution can be utilized by mortgage companies to quickly locate, contact and personally engage with borrowers who are in distressed financial situations. Often, people can be very hard to find and communicate with, which skip tracing automation solves.
Quandis’ skip trace solution is designed for use by servicers, lenders, banks, default attorneys, loss mitigation centers, third party collection agencies and essentially any entity that needs to locate individuals. The new skip trace application is utilized to quickly and efficiently contact virtually anyone that is in default, and also for call campaigns to proactively reach out to borrowers and offer them loan modifications, workout options, various government programs, etc. Organizations utilizing Quandis skip trace are able to save time, eliminate errors, reduce costs and offer tools that help comply with state-level telephone contact rules.
“In many instances, organizations resort to using manual processes to contact borrowers for debt collection or other outreach purposes,” said Scott Stoddard, CEO of Quandis. “The sheer number of defaults our industry is challenged to manage is the driver behind our developing this application. Handling call campaigns manually or with an antiquated system is cumbersome, time consuming, impedes file completions and can potentially result in the violation of do not call compliance rules. Our skip trace application provides an end-to-end solution that effectively manages the collections and/or call campaign process.”
Quandis says that manually locating borrowers typically involves users having to use multiple services such as Lexis Nexis, Pacer bankruptcy searching, TransUnion, 411, 555-1212, Quandis’ automated SCRA military searches and others. This forces employees to constantly jump to different Web sites to locate people, which wastes time and is terribly inefficient. Quandis’ skip trace application integrates with and centralizes each search service into a single application, streamlining searches with the click of a button that instantly returns the results.
For users, Quandis’ skip trace solution includes interview-style call scripting and direction, workflow management, task assignments, call prioritization and various tools that enable them to quickly and efficiently complete files. For managers, the application provides them with dashboard-level views and reporting, complete visibility into the entire process and KPIs (key performance indicators) that to help them optimize employee performance, time management and effectiveness.
Quandis will be holding discussion times with interested parties at the Mortgage Banking Association of America’s 99th Annual Convention and Exposition at the Hyatt Regency in Chicago, Illinois from October 21-24. To secure a meeting with Quandis, contact Laura Hadley at (949) 382-1178 or via email lhadley@quandis.com.
About Quandis:
Founded in 2003 and headquartered in Foothill Ranch, California, Quandis is a default management software provider specializing in Web-based solutions for the lending industry. Quandis’ solutions include foreclosure process automation, short sale portals, skip trace systems, a valuations hub, military search services, bankruptcy status searches, collection solutions, as well custom application development. The company’s clients range from lenders to banks, servicers, foreclosure attorneys, outsourced service providers, and agents and brokers. For more information, please visit www.quandis.com or call (949) 525-9000.
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