With CFPB findings that outdated and deficient technology is a key factor affecting Servicers' ability to meet compliance challenges, now is the time evaluate whether your technology makes the grade. With mortgage servicing transfers being called out as an area of concern, technology must provide accountability, transparency, and flexibility to adjust to impending regulatory changes.
The CLARIFIRE automated workflow solution was built to manage complex processes, such as the transfer of mortgage servicing rights (MSRs), by rapidly incorporating industry changes while providing visibility and management of CFPB compliance and associated costs.
CLARIFIRE can help you meet mortgage servicing transfer requirements by providing:
The CLARIFIRE solution provides automated workflow driven by intelligent and interactive business rules, with flexibility to quickly update processes and rules as internal processes or regulations change. Offered as a SaaS model, CLARIFIRE reduces overhead and increases speed to market.
Do you have inefficient processes, gaps between point solutions and systems of record, or areas of risk that are not being effectively managed? Download our eBook to learn more about the power of CLARIFIRE Workflow Automation!