Default Services Technologies Updates REO Servicing Platform

Posted by Orb Staff on March 25, 2010 No Comments
Categories : Mortgage Servicing

Default Services Technologies (DST) has launched DispoSolutions 3.0, a new version of its Web-based real estate owned (REO) servicing platform.

Developed in collaboration with Select Portfolio Servicing (SPS), a division of Credit Suisse, DispoSolutions 3.0 offers greater efficiency and flexibility to companies involved in the REO servicing process, DST says. With the updated platform, users have the ability to define their own roles, workflow and automation points to meet their specific needs and goals, the company adds.

DispoSolutions 3.0 has a higher level of automation and many improved processes compared to past installments. For instance, there are now 16 separate functions that can be used individually or in any combination to create a specific role, DST explains.
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In working with SPS, DST gained a unique perspective and valuable insights into the REO servicing industry.

"SPS is in the top tier of REO servicers," says Jim Clark, DST's founder and CEO. "Their involvement led to fresh thinking and new ideas for improving our platform in terms of efficiency, process and function."

SOURCE: Default Services Technologies

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