New Tool Centralizes Default Management

DepotPoint, an independent technology and services provider for the foreclosure market headquartered in Bellevue, Wash., has launched TrackPoint, a Web-based application that centralizes all actions required in managing the default process.The solution's centralized workflow engine and tracking technology is designed to improve efficiency, increase transparency, and streamline the foreclosure process. TrackPoint is an end-to-end technology platform that combines a compliance knowledge base with centralized processing and communication management, exception handling, document management, and external vendor monitoring, the company said. DepotPoint's TrackPoint application suite provides lenders, title companies, trustees, and loan servicing entities with a centralized workflow engine and tracking technology. The company can be found on the Web at http://www.depotpoint.com.