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ISGN FORTRACS
Improving and simplifying a complicated practice, ISGN’s FORTRACS software system provides decision-driven management of the defaulted loan lifecycle, including the handling of the many third-party service providers such as attorneys, investors, asset managers, realtors and outsourcing specialists. With separate units performing special roles in the default process, FORTRACS software system manages these relationships and automates internal and external interactions. With disparate internal systems and connections to external support, default management can be a time-consuming, complicated practice.
FORTRACS addresses every aspect of the default management process to deliver a comprehensive solution to help you:
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Reduce losses
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Increase staff productivity |
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Streamline the default process with fast, effective control of inventory |
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Provide tight management of your data |
FORTRACS automates default management processing, decisioning and documentation of a loan. With fully integrated modules and synchronization of activities, it supports the lender’s credit and collateral risk management through loss mitigation, foreclosure processing, bankruptcy monitoring, claims processing and REO management. FORTRACS includes a highly functional workflow engine, reducing user involvement to an exception-only basis.
FORTRACS-LenStar connection: To take advantage of the rigorous application requirements and need for outside business partner connectivity, FORTRACS links to ISGN’s award-winning default management network, the LenStarTM service. The LenStar service is a service of the BridgeLink network, ISGN’s powerful vendor management and data delivery platform. The BridgeLink solution provides a seamless connection between the user’s desktop and third-party service providers, such as attorneys, property preservation and field service agents, realtors and outsourcing specialists. Each organization performs specific roles in the default process, and a comprehensive business management tool must be capable of managing these relationships for the lender, automating interactions with these service providers. The BridgeLink network provides a single point of connectivity with more than 650 attorney case management systems through its LenStar service.
FORTRACS keeps you in control by helping you:
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Streamline foreclosures and claims processing |
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Track bankruptcies |
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Dispose REO |
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View total loan picture |
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Automate loan assignments |
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View multiple reports |
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