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MCS Offers New REO WorkflowCommunication Tool to Lenders: 'We've put together something that makes sense and puts the data out in an organized, real-time fashion.'.

Mortgage Servicing News

| October 01, 2007 | Garritano, Anthony | COPYRIGHT 2007 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

NEW YORK -- Mortgage Contracting Services, Tampa, Fla., has released a tool to enhance workflow performance and customer service.

MCS is a national property preservation company. The company offers property inspections, property preservation, REO property maintenance, hazard claims administration and valuation services.

The new application, MCS360, facilitates all work-order-related communication for every project, including bids, work orders, damage orders and completion orders. The application relays data in real time to all impacted users so those users can see bids, approvals or rejections.

"There are three users for this tool, internal staff, vendors and our customers," said Andrew Rowlands, vice president of technology at MCS. "This is real time. When a vendor puts something in we see it and the customer sees it in real time.

"Vendor360 and Client360, which are rich client, and MCS360, which is a viewing tool for the customer, encapsulate our offering. Vendors can put completions in, photos, etc. It essentially makes the vendor do the work. It's a much faster, better tool that leverages .NET architecture.

"Historically everything was ...

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Source: HighBeam Research, MCS Offers New REO WorkflowCommunication Tool to Lenders: 'We've put...

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