Rincon uses the Microsoft .NET 3.0 coding framework and some of the latest software design architectures:

Service-Oriented Architecture (SOA) improves communication with other enterprise systems. After twenty (+) years of building and maintaining default software, we know that communication with other systems is an integral part of the default process. The SOA-based design will facilitate communication with other systems in several ways:

• Servicing System Integration

  Integration with the loan servicing system (system of record) is critical. Rincon will import loans into the database, maintain synchronization between the servicing system and the default system, and gather other important data (pay-off, reinstatement quotes, etc.) from the servicing system, all in real time.

• Web Services

  Seamless use of web services will make using external services easier and provide tighter integration between Rincon and the myriad services used for managing the default process. Rincon Web services will not only connect to your valued service-providers/vendor partners, but also will provide a tool to measure and grade the performance of these vendors. With nearly unlimited possible services, typical activities include credit reporting, appraisal ordering, title tracking and skip tracing.

Microsoft's Workflow Foundation provides the most flexibility in automating and queuing tasks. A critical part of Rincon will be a workflow that manages automating and queuing tasks. Changes in technology have facilitated the use of automation to get the job done. This allows the software to automate processes without human intervention. With a strongly integrated workflow solution, Rincon will ensure efficient task completion. However, the same workflow infrastructure provides customization to allow our customers the ability to respond quickly to the dynamic nature of a default loan portfolio.

The rich functionality and features our clients have grown accustomed to in the current version of The Default Solution will also be included in Rincon:

• Financial analyses
• Online approval routines
• Accounting sub-system
• Document imaging
• Industry standard forms
• Lien tracking
• Sophisticated file search routines
• Payment plan
• Property tax and insurance tools
• Letter generator
• User-defined custom screens and reconfiguration of core screens
• Outsourcer interfaces
• and more

Rincon will also retain the same modules for managing default processes:

• Bankruptcy
• Foreclosure with attorney interface
• Loss Mitigation with decision modeling
• REO and asset disposal (remarketing)
• Claims
• Litigation
• Property/asset preservation
• Investor reporting
• Auto/consumer loans with decision modeling
• Equity analysis
• Pre-foreclosure
• Asset analysis review

In addition to this extensive functionality, Rincon will add:

• More customizable rules-based functionality
• Internationalization and localization
• More flexible reporting options
• More flexibility in customizing the core system
• An improved help function
• and other new features

The next generation of The Default Solution will be a "smart" system that will automate every possible aspect of the default process through a rules-based workflow-driven environment. It will provide interfaces to and from the servicing system and other third party applications.

DRI invites you to experience the next generation of The Default Solution.

Contact Paul J. Wright, SVP directly at (904) 613-2559 or Paul.Wright@Dridefault.com