Carrollton, Texas-based assure360, a software company that makes case management systems for law firms operating in mortgage collections, has launched POCpro, an independent service offering that helps default servicing law firms adjust to the new proof of claim (POC) form 410A.
POCpro allows law firms to transfer servicer data to assure360 in the format it was received, and then, assure360 verifies the information is complete to produce the POC 410A form.
After the form is evaluated, the new form is sent to the law firm for legal review and finalization.
The goal of this new service is to enable smaller law firms to overcome the challenges associated with the transfer of important loan docs and data. As the company points out, one bankruptcy file can contain up to 200 data elements, all of which must be mapped back to the original docs to ensure there are no errors. While this can be achieved via technology integrations, that can be expensive and time consuming for smaller firms, thus, assure360 has launched this new service, which basically takes the place of expensive and complex integrations.
‘With several bankruptcy forms receiving updates, and new forms being introduced, this offering represents an easy way to comply with these new obligations while sidestepping traditional systemic barriers,’ says Adam Hansen, chief operating officer and chief information officer for assure360, in a release. ‘As the industry reacts to these changes, law firms and servicers alike seek cost effective solutions to improve efficiency without sacrificing quality – POCpro meets these criteria and we are very happy that we have been able to create a technology that helps solve these broad reaching issues.’