IndiSoft LLC's RxOffice platform now offers automated U.S. Postal Service (USPS) address verification, the Columbia, Md.-based tech provider says.
For clients using USPS, RxOffice will automatically verify addresses upon the boarding of loans and cases. Agents can also use the platform to verify and scrub addresses when hand-entering addresses associated with a case and/or loan, the company explains.
Sending letters of notification to homeowners throughout the delinquency life cycle is a requirement to meet insurer, investor and state guidelines. Failure to send mail to a valid address can invalidate a foreclosure action and expose law firms and servicers to financial penalties, including the inability to file insurance claims when a loss is taken through foreclosure.
IndiSoft reports that it is actively developing additional skip-tracing functions and integrations to be included in the RxOffice Portal.
"It is important for IndiSoft to provide our clients with the essential tools that bring much-needed efficiencies in the process, while staying compliant with the ever-changing regulations and program options," says Sanjeev Dahiwadkar, president and CEO of IndiSoft. "This is the first in a series of enhancements relating to homeowner contact that will further position our clients to meet their obligation to contact homeowners prior to and during foreclosure action."
SOURCE: IndiSoft LLC