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New Workflow Tool from AP3 Solutions Aims to Trim Default Timeframes.

Mortgage Servicing News

| April 01, 2003 | Kersnar, Scott | COPYRIGHT 2003 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Donald Pettingill, president of AP3 Solutions LLC, is a man on a

mission - to evangelize mortgage industry adoption of Business Process Management, the advanced workflow technology that some say is essential to realization of electronic mortgage transactions.

BPM is an approach to workflow with two phases: business process modeling, to simulate the various scenarios where automation will improve the process and business process automation, to route tasks, documents and data to the appropriate individual or system.

As part of his outreach effort, he will be offering the 2002 Workflow Management Coalition Handbook. He says those who didn't get a chance to hear his 'sermon' at the recent Mortgage Bankers Association technology conference should log on to www.wfmc.org.

Automating mortgage origination or foreclosure, for instance, requires that the workflow link various parties. The WfMC website shows how Version 1.1 of its interoperability standard employs XML to automate interactions between workflow engines.

Prior to MBA Tech, Mr. Pettingill went to the MBA servicing conference in New Orleans to unveil his company's newest offering, MasterView, a rules-based workflow engine that automates routine manual tasks associated with processing foreclosure, bankruptcy, title and eviction cases "in a fraction of the usual timeframes."

In New Orleans, AP3 (www.ap3solutions.com) debuted its MasterView Default Manager as "the first strategic performance and process improvement tool designed to optimize and streamline the default management process for legal professionals serving the mortgage industry.

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