On February 21, 2007 RETN News reported on DRI's latest modules:

DRI improves IT arsenal for servicers

Four new modules have been added to DRI Management Systems’ servicing software. New litigation, property preservation, pre-foreclosure and administration tools should ease the management of at-risk loans, it said. See what capabilities have been added. (2/21/2007)

DRI Management Systems, a provider of default management solutions for the mortgage industry, has added four new modules to its flagship software, The Default Solution.

In addition to its existing suite of six modules, the system includes software modules for litigation, property preservation, pre-foreclosure and administration. The new modules should help users service defaulted loans in more stages, DRI said:

• The litigation module eases tracking and monitoring litigation cases in the servicing arena. Users can create templates for each litigation case type and assign multiple processors on the same loan.
• Users can employ the property preservation module to manage undertakings throughout the preservation process. Using the Default Solution’s electronic transaction capability, they can also order inspections, receive results, approve work and pay outside vendors.
• For loans in pre-foreclosure status, the pre-foreclosure module analyzes and forwards loans meeting user-specified criteria to the Foreclosure and Loss Mitigation departments, and assigns processors and attorneys according to guidelines.
• There’s also a flexible catch-all unit for miscellaneous processes and functions in the default arena, such as quality control, lien analysis, charge off, profit and loss and loss analysis. Using the administration module, management can create templates for a specific loan and assign multiple processors.

The new modules will be available at the end of the first quarter and early second quarter of 2007.