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July 18, 2008
Ticor Employs DepotPoint's TrackPoint to Manage Foreclosure and REOs
Ticor Title Company of California, a subsidiary of Fidelity National Financial, Inc., announced today that it has taken steps to streamline the tracking and management of thousands of foreclosure and REO properties.
To this end, Ticor will employ DepotPoint, Inc.'s Default and REO TrackPoint, a vertical processing system that reduces the time it takes to move properties through the default process. The system's custom Web portal allows law firms, title companies, lenders and servicers to share title, disposition and management information in real time. In addition, TrackPoint ensures nationwide compliance to foreclosure guidelines with its state-by-state exception handling for debt disputes, forbearance, loan reinstatement, bankruptcy, and other issues.
Posted by S. Germain at July 18, 2008 08:19 AM