Default management technology vendor Indisoft will begin selling its software to federal agencies under the terms of a recently negotiated contract with the U.S. Government Services Administration.
IndiSoft, in Columbia, Md. offers a suite of software-as-a-service modules for housing counselors, preforeclosure loss mitigation, short sales, default and REO servicing.
The GSA conducts due diligence and negotiates prices and terms with vendors of a variety of services and products on behalf of the federal government. When agencies do their procurements with GSA-approved vendors, they pay a set fee and can acquire the services or goods faster because the review and bidding process has already been completed.
In addition, government agencies will be able to purchase the IndiSoft products through the GSA’s online procurement website. A private label version of IndiSoft’s software suite is used by the Hope Now Alliance to facilitate communication between housing counselors and mortgage servicers for borrowers to apply for both Hope Now’s proprietary modification program and the Home Affordable Modification Program workout plans.
IndiSoft president and CEO Sanjeev Dahiwadkar was featured in the
“Our technology and its place in the industry is as a neutral platform where stakeholders who may have conflicting interests can still work together to achieve a goal that they share in common,” he told Mortgage Technology. “The open architecture communication allows them to do different things to help borrowers and communicate better with them and no documents get lost in the portal. That makes a huge impact on the servicer’s ability to move quickly on these cases and engage the willing borrower who’s working with a housing counselor.
Earlier this year, mortgage fraud technology vendor Interthinx was
