Los Angeles-based Equator LLC has launched EQforeclosure, a platform that is designed to provide mortgage servicing foreclosure and bankruptcy with direct access to attorneys and other parties without the need of an outside third-party vendor directing the process.
According to the company, EQforeclosure presents an option that facilitates compliance, tracking and reporting requirements. With EQforeclosure, servicers can customize the process to meet their individual needs, allowing for pre-foreclosure rule changes, state-by-state status configuration and flexible report cards.Â
‘As we've seen from recent media reports, there have been some hard lessons learned by servicers and attorneys who process foreclosures through a third party,’ says Equator CEO Chris Saitta. ‘With EQforeclosure, we've eliminated the need for third-party involvement. The result is a much smoother, much more transparent workflow that leads to safer and faster outcomes.’