The West Valley City, Utah-based short sale unit of Green River Capital launched a platform called GRFConnex that helps users better manage pipelines and adhere to new and upcoming rules within the mortgage industry.
GRFConnex is a processing system that can be immediately adjusted to accommodate both industrywide changes as well as a user’s own business needs. The platform generates concise pipeline management and dashboard reporting, which allows clients to track the progress of their loans each day based on requirements from regulators and investors in addition to their own internal policies.
“Our ability to quickly make modifications within the GRFConnex template allows our clients to have complete confidence in our entire program—they are assured that GRF handles all regulatory monitoring and makes expedient updates to the system accordingly, so when it comes to compliance, controls and reporting they will not miss a step,” said Travis Justice, vice president of short sales for Green River Financial.
As more rules are saddled upon the mortgage industry, GRC/GRF will continue to develop technology to adjust to future changes that affect consumer contact and short sale processing, according to Tim Reilly, senior vice president for the two companies.
“While our focus has been on the evolving GSE and FHA requirements as part of the National Servicing Alignment initiatives and on the January 2014 CFPB new servicing rules implementation date, we know our work does not end there,” Reilly says.
TAGS (Technology, REO, Regulation, Servicing)