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NetDirector Launches Powerful Integration with Equator® for Orders and Deliverables

Tampa, FL – May 9, 2017 – NetDirector, a cloud-based data exchange and integration platform, has spent several months working alongside Equator, the leading provider of default software solutions for servicers, real estate agents, vendors and other mortgage and real estate industry professionals. The work has yielded a powerful zero-footprint integration option for default servicing firms utilizing Equator.

Equator’s infrastructure software as a service (iSaaS) solutions include EQ Workstation®, EQ Marketplace®, Midsource™ and EQAgent®/EQVendor® portals, which can be used a la carte or as an end-to-end solution. Equator’s REO, short sale and loss mitigation modules processed over $21 billion in transactions in 2015, and have processed more than $315 billion in transactions since its inception. Currently, 4 of the top 5 U.S servicers and the largest holder of real estate are on the Equator platform. With such a high volume of mortgage banking transactions taking place with Equator, it was an easy next step for NetDirector to develop the one-to-many style integration that has fueled their integration platform-as-a-service (iPaaS) business model tailored to the Equator platform.

“NetDirector has worked very closely with us to not only develop, but to thoroughly test this powerful integration suite for default servicing attorneys,” said James N. Vinci, Chief Technology Officer of the Equator business. “We’re excited to collaborate with them, and we believe this collaboration will generate serious efficiency for attorney firms utilizing Equator.”

The initial integration launch includes “Orders” and “Deliverables”, which resemble the referrals and events that are utilized by other industry standard software interfaces in the default servicing sphere. The “Deliverables” also allow for certain documents to be uploaded and other transactions and processes are on the table for future development. Automating these transactions through a cloud-based integration platform provides increases to efficiency through reduced data entry and automated processes. It also significantly reduces the labor stresses of developing and maintaining the integration internally at the attorney’s cost.

“Our ecosystem continues to expand with yet another powerhouse in the industry as we welcome Equator as a new participant,” said Harry Beisswenger, NetDirector CEO. “Our goal is to provide the integrations to default servicing firms that offer the most value, and there has been a major demand for this service. We look forward to the prospect of further data and document integration with the Equator platform in the future.”

Company Bio:

NetDirector provides a secure cloud-based data and document exchange solution for the healthcare and mortgage banking industries to deliver seamless data integration between parties. NetDirector bridges gaps created by disparate systems & technologies by allowing companies at any location to share data & documents securely over a single internet connection with any other member of the ecosystem. Our approach allows trading partners to collaborate and exchange data in a seamless, bi-directional, real-time manner. With security and longevity as a focus, NetDirector is a certified SOC 2 Type II Compliant company, a 6-year member of the prominent Inc. 5000, and currently, processes more than 8 million transactions per month.

New Transaction Type: Invoice Status Request/Response

Transaction Spotlight: Fees and Costs Request

Ocwen Integration Suite

Ocwen logoThe Ocwen Integration Suite is Here!

NetDirector is now integrated with the entire Ocwen Suite to bring our customers more ways to automate business processes and improve operational efficiencies. Customers can now exchange data with REALResolution, REALTrans, ResWare, and REALRemit through a single integration to NetDirector.

If you are currently running any of the following transactions manually and through individual integrations, request a FREE demo today!

Ocwen Integration Suite

REALResolution™

  • If your firm is part of the DMS Group, you can get FC referrals through the data interface.
  • Your firm will have the ability to acknowledge the referral and pull the information from the “Referral Letter” on REALTrans®.

REALTrans®

  • Pull the information from the “Referral Letter” to acknowledge the referral on REALResolution™.

ResWare™

  • Document repository.
  • Firms can upload required documents to ResWare automatically from their Case Management System.
  • Uses standard document transaction for quick implementation.

REALRemit®

  • Allows firms to process invoices in real-time.
  • Firms can prepare, submit and track invoices along with supporting documents in less time.
  • Provide asynchronous responses (success/failure) with the most useful data parsed out for exception handling.
  • Monitor, store and forward if the recipient service is unavailable.

Benefits

  • Improve process efficiencies with automation
  • Improve standards compliance
  • Reduce data entry time
  • Reduce labor costs

For more information, contact your Integration Analyst or Darren Meiggs at darren@netdirector.biz or 813.345.4634.

 

 

Doc Download Request

Doc Download RequestOverview

  • Firm would initiate retrieval of documents with a request transaction
  • Request would contain RID of the referral package they want to receive
  • Would still allow firms to select which documents they want to receive

Functionality

  • Alleviate the auto-acknowledgement of milestone events from downloading documents

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Fannie Mae DMRS Update

Fannie Mae DMRSWhere we stand today

Firms are up and running with automated DMRS reporting!

  • Firms in Group 1 have been submitting Alpha and Control files
  • Firms awaiting FNMA sign-off to move to production

If I am not in Group 1, what do I need to know?

  • What group am I in?
  • Need to review the data dictionary and find what events are required in my states
  • For the events I am required to report on, what data is required to be sent with them.
  • FNMA requires that you supply the field that will be used to populate the required data elements.
  • I will need to complete the FNMA workbook to receive codes for all the servicers I do business with for FNMA.
  • Once your firm receives SFTP information from Black Knight, please forward to your integration analyst.

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Black Knight V3 Update 1

Black Knight V3What does my firm need to know?

  • What is different from how I receive/send information now?
    1. Referrals
    2. Standard Events
    3. Async Responses
    4. The July 12th release includes SSN functionality and Bankruptcy information as previously in Version 2
  • Is there a reason I should make the transition?
    1. New Enhancements will only be offered in V3
    2. Black Knight is covering the implementation cost until December 31st, 2015
  • Deadline for Black Knight to cover the V3 implementation is December 31st, 2015
  • What is the process to make the transition?
    1. Contact your NetDirector Integration Analyst to get the specifics on the items that have changed given your current portfolio of transactions with Black Knight.
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WALZ Spotlight

WALZCertified Mail Automation

This integration includes 3 main transactions in addition to acknowledgements/receipts on each.

Mail Letter Upload with document

Attorney   —–>   Walz

Mail Update Request

Attorney   —–>   Walz

Mail Update

Walz   —–>   Attorney

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NetDirector Integrates with REALRemit®

REALRemit Invocing and Payment System by AltisourceNetDirector now integrates with REALRemit®, Ocwen’s invoicing system for default servicing firms. If you are still manually submitting vendor invoices, stop what you are doing and call NetDirector now. Here at NetDirector, we can provide an interface where your firm can automate the submission of an invoice quickly and easily.

NetDirector’s connection with REALRemit® brings great value to our clients in terms of cash flow management and visibility, reduces costs and virtually eliminates the time spent by dedicated resources manually submitting invoices.

Functionality

  • Submit XML invoices to Ocwen’s platform REALRemit®
    Read more