Mortgage servicing infrastructure fintech Brace launched its default management platform, which features an end-to-end solution for both consumers and servicers. The cloud-based solution integrates live workflows, tasking, communications and performance reporting into a single environment that decisions the right loss mitigation result for each homeowner’s situation.
“Transparent, live information and activities are at the core of all the capabilities we’ve baked into this unified solution,” Brace Vice President of Engineering Robert Brueckmann said in a release. “The importance of providing information to everyone in a single source of truth cannot be emphasized enough, especially at a time when so many homeowners are distressed. The connectivity in our platform elevates efficiency and reduces risks in a way that has not yet been seen in our industry.”
The default management platform includes a guided mobile and desktop interface that provides consumers in need with 24/7 access to apply and monitor their application. Once the application is received, servicers’ side workflow and tasks are automated, adjusting live to each progressive data point.
The platform also supports servicers in their onboarding of remote licensed professionals who are moving from a pullback in originations into servicing divisions, according to Brace. It has been designed to onboard and train team members in a compliant manner.