Clarifire, IndiSoft Loop HUD Loss Reduction Consultants
Industry Update
October 4, 2022
Source: trainersadda.com
On Monday, Clarifire and IndiSoft announced a collaboration on technology that facilitates third-party advice in the loss mitigation process, building on the latter’s deep involvement in the highly regulated space.
“Counselors can step in and deal with the hand-holding that takes up a lot of time and money for service providers,” said Jane Mason, CEO of Clarifire. “It takes the pressure off the volume going into the service shops, and you also have a full audit trail for regulators.”
The partnership combines the technology Clarifire provides to help mortgage companies work with distressed borrowers using IndiSoft’s customer management system, which is used by advisers, servicers and government agencies.
“Our mission is to fully integrate Certified Home Builders into the mortgage servicing and origination paradigm,” said Cam Melchior, IndiSoft’s president, chief compliance officer and one of the current owners, who bought out the company’s founder in last year. “This connection to Clarifire is one of many steps we’re taking to integrate with servicers’ systems so they can more easily interact with HUD-certified housing counselors, and housing counselors can more easily interact with them.”
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