We just received our copy of the PROGRESS in Lending Association e-letter.  Needless to say we were very excited by Tony Garritano’s Market Analysis: Putting the Spotlight on Servicing E-Collaboration article.  Tony highlighted the DRI Office Service Ordering Platform (DRI SOP) with elloquent prose like “DRI Office Service Ordering Platform, whereby servicers can automatically execute their orders for services, seamlessly manage the incoming information from providers, and tap a growing list of premiere, in-network vendors”.   Well I don’t think there’s any argument from us Tony.

The Service Ordering Platform is part of our next genreation default management system called DRI Office.  Our goal in building the new system was to take the expansive system that interacts from Decision Analysis through Reo and connect those internal servicing employees with the myriad of external vendors they work with.  No longer should staff be logging onto websites for orders, logging on again to get answers, and then hand-keying that information into their default systems.  As the article states “Why pick up the phone to order title, credit, the appraisal, etc., when you can put in an electronic order for all those services and more on a centralized system”.  With the DRI Office Service Ordering platform the order, receipt, database updates, workflow/rule integration and invoicing are automated.  By the time an employee is dealing with the data they have skipped all the five-finger-automation they were working with before.  Resulting in putting key staff back into key parts of the operation to improve efficiency instead of tying them up with uploads and downloads.

Did we forget to also mention that one of our favorite partners, Wingspan Portfolio Advisers, are featured in the article with comments by CEO Steven Horne?

Take a look at the article and don’t forget to sign-up and receive your PROGRESS in Lending Association e-letter.

Servicing Management’s John Clapp writes on the state of reform in the mortgage industry and it’s impact for the small servicer. John asks the question if these small servicers are paying the price for the mistakes of big servicers; essentially punishing the industry’s best players. Read John’s article including Fred Melgaard’s comments on how this part of the industry has long embraced servicing reform. The article is on page 3 of the Servicing Management September 2011 issue.

DRI Management Systems, Inc., the 27-year leader in default process management software, announces its latest innovation, an easy to use and cost-saving tool that automates the process of resolving real estate owned (REO) assets. DRI BrokerTM facilitates Realtors’ direct, electronic communications with REO departments, enabling asset managers to accelerate resolutions and lower servicing costs in every phase of the REO process.

Read the entire article courtesty of MortgageSpeak.com.

Direct and efficient communication between asset managers and their agents and brokers is the key to effective REO resolutions, according to Fred Melgaard, DRI’s EVP and COO.

Read the entire article from DSNews.com.

National Mortgage News’ Austin Kilgore highlighted DRI Broker.  See the article online at http://www.nationalmortgagenews.com/dailybriefing for Monday July 18, 2011.  Thanks Austin for clearly seeing the vision of our “portal to the DRI Office default servicing management platform aimed at providing better communication between real estate brokers and servicer asset managers in real estate owned property dispositions”.

DRI Management Systems Inc. has released an easy-to-use and cost-saving tool that automates the process of resolving real estate-owned (REO) assets. DRI Broker facilitates real estate agents’ direct, electronic communications with REO departments, enabling asset managers to accelerate resolutions and lower servicing costs in every phase of the REO process. Additionally, the software is designed to work on servicers’ internal systems, supporting standard industry formats and protocols, or as part of the award-winning DRI Office platform.

See the entire article on National Mortgage Professional Magazine.

During the PROGRESS in Lending Association’s Innovations 2010 Event Senior Vice President Paul Wright accepted our Innovation Award.  After the event Tomorrow’s Mortgage Executive magazine gathered all the winnders for a discussion on innovation in the mortgage industry.  The results are captuerd in the May 2011 issue.  Read the article starting on page 40 to hear commentary from Paul Wright of DRI Management Systems, Greg Alvord of Optimal BLue, Tyler Sherman of Motivity Solutions, Todd Ebner of Field Asset Services and Stephen Nation of Nation Technologies.

E.J. Kite has been a contributor to the mortgage industry for over two decades.  In the May 2011 National Mortgage Servicing News magazine Austin Kilgore sits down with E.J. to discuss 20 years at Freddie Mac, 3 years at Fannie Mae, and his latest venture at specialty servicer Wingspan Portfolio Advisors.  Wingspan is a user of DRI Office and E.J. Kite has know Duke Olrich since the early days of DRI Management Systems, Inc.

DRI Office popped up in the March 4, 2011 issue of Inside Mortgage Finance.  In the article Servicers in Crisis Reluctantly Embrace Technology the folks at Inside Mortgage Finance sit down with DRI’s Fred Melgaard.  Check out the article including Fred’s comments on how “Servicers themselves have only just recently begun to evolve their thinking and look much more favorably at how technology can aid their business”.

DRI Office popped up in the March 4, 2011 issue of Inside Mortgage Finance.  In the article Servicers in Crisis Reluctantly Embrace Technology the folks at Inside Mortgage Finance sit down with DRI’s Fred Melgaard.  Check out the article including Fred’s comments on how “Servicers themselves have only just recently begun to evolve their thinking and look much more favorably at how technology can aid their business”.