Rocktop Technologies announced its release of ForeSight, a process automation solution aiming to drive costs and inefficiencies out of foreclosure management.
The solution coincides with a recent year-over-year uptick in residential mortgage delinquencies, as reported by the Mortgage Bankers Association.
“Rocktop is launching ForeSight at a critical moment for our clients, who are still experiencing stalled growth and prioritizing expense reduction and operational improvements,” Cade Thompson, co-president and chief growth officer, said in a release.
ForeSight supports mortgage servicers and their foreclosure counsel in this effort by optimizing foreclosure title review processes, while delivering cost savings and infinite scalability. The solution provides a smoother and faster path to referral and first legal action by reducing average workflow timelines, the company said.
Key features include:
- Comprehensive title evaluation to address exceptions and identify defectsearlier in the default cycle
- Thorough collateral analyses to ensure referral readiness
- Proactive filing of title claims to mitigate issues that could derail momentum
- Assignment of Mortgage chain review
- Compilation of foreclosure summary packages