OrangeGrid to Provide Mortgage Managers with Enhanced Default Management Capabilities

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OrangeGrid, a provider of mortgage management software, has launched a loss mitigation initiative that will allow users to scale quickly in the face of a sudden increase in default management requirements without having to hire large numbers new employees.

The solution meets all loss mitigation and production management process needs without having to rely on IT departments for customizations or keep up with ever-changing regulatory requirements from agencies such as the CFPB, the company said in a statement.

“OrangeGrid offers innovative mortgage services the ability to easily scale when faced with a sudden increase in loss mitigation cases,” said Todd Mobraten, CEO and Founder of OrangeGrid. “Our comprehensive default suite provides process and exception management capabilities offering dynamic workflows, dynamic dashboards, and configurable workflows to empower users to more effectively manage higher volumes of services management of mortgage loans.

According to ATTOM’s recent foreclosure market report, there were a total of 30,881 properties in the United States with foreclosure filings in May, including notices of default, scheduled auctions or bank foreclosures.

That, coupled with the staggering number of nearly 1.7 million properties that are 30 days or more overdue, according to Black Knight, underscores the need for automated solutions in servicing default loans.

OrangeGrid tackles loss mitigation because it is one of the first process management needs in the default lending service lifecycle.








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