IndiSoft,
LLC, a technology developer focusing its efforts on the default
service management industry, announced today it has enhanced its RxOffice®
platform to meet and Home Affordable Modification Program (HAMP) Request
and Income documentation requirements as a result of the recent
supplemental directives from the U.S. Treasury and the
government-sponsored enterprises (GSEs).
“We ensure that all of the RxOffice portals meet the up-to-date
requirements set by government agencies as well as Fannie Mae and
Freddie Mac,” said Sanjeev Dahiwadkar, president and CEO of IndiSoft.
“As we provide the default service management industry reliable
technology, we are enabling our clients to improve their process and
turn-times, which correlates to improved outcomes for all parties
involved.”
RxOffice now supports and enforces the standard HAMP Trial Plan Request
documentation requirements (effective June 1, 2010 for non-GSE loans) as
set forth by the Treasury Supplemental Directive 10-01 Home Affordable
Modification – Program Update and the Fannie Mae 09-31 Servicing Guide
amendment and Freddie Mac Bulletin 2010-3.
Using its advanced document generation capabilities, RxOffice
automatically generates a completed Request for Modification and
Affidavit (RMA) form, required for HAMP consideration, based on the
information from the homeowner and/or counselor. RxOffice also supports
the streamline income documentation requirements under these new program
changes by applying them to specific loan and financial hardship
situations.
“RxOffice has automated every aspect of the default servicing management
process so that all parties can communicate and have timely
information,” Dahiwadkar said. “In fact, our platform continues to
support detailed information collection that exceeds the HAMP minimum
requirements in a flexible, multi-format data exchange.”
About IndiSoft, LLC
Columbia, Md.-based IndiSoft LLC develops, licenses and supports a wide
range of Web-based software solutions for the financial services
industry, including RxOffice Legal, RxOffice Borrower Portal and
RxOffice Reporting Portal. IndiSoft continues to lead the innovation in
transforming how the default servicing industry communicates and
exchanges information. The company is offering its RxOffice® platform
(patent pending) to the servicers, counselors and the homeowners with secured
communications technology and the infrastructure to enable
transparent and real-time communication to speed up the decision and
execution of the same. For more information about IndiSoft visit its Web
site at www.indisoft.us.
For IndiSoft
Charlyne H. McWilliams, 301-933-5567
charlyne.mcwilliams@indisoft.us
or
Catherine
Laws, 678-781-7206
catherine.laws@indisoft.us