Quandis’ Web-based solution automates PennyMac’s back-office workflow for short sales and provides a centralized portal that allows servicers, lenders, borrowers, real estate agents and other pertinent parties to successfully complete transactions.

“Before short sales became a preferred and acceptable alternative to that of foreclosures in this fast-moving market, PennyMac took measures early on to manage the proliferation of impending short sale transactions,” said Scott Stoddard, CEO of Quandis.

“PennyMac was very forward-thinking and immediately engaged with us to help automate a process that inherently has many moving parts and tasks to complete in a timely fashion. Many mortgage companies, on the other hand, didn’t have the foresight that PennyMac did to implement technology to help prepare for the influx of short sales.”

“The completion of a short sale shouldn’t be materially longer than a traditional real estate transaction, barring a requirement for subordinate lien approval. However, it can take up to a year for ill-prepared organizations to finalize short sales in today’s market,” said Rob Schreibman, director at PennyMac. “When we or one of our customers opts to move forward with a short sale, using Quandis’ technology, we are able to complete the transaction efficiently and expeditiously for all parties involved.”

Quandis’ solution allows organizations to receive short sale packages directly from the borrower or its listing agent, which includes complete financials, property valuation data, lien verification and all supporting qualification documentation needed from the borrower. Alerts, event triggers and email updates ensure tasks are completed on time and up-to-date status is provided to borrowers and listing agents. Borrowers can visit the Web portal to apply for a short sale and submit all required documentation. Multiple offers can easily be received and negotiated electronically. Quandis’ short sale portal brings transparency to the process and establishes much needed collaboration between the parties that must communicate and complete tasks.

About Quandis:
Founded in 2003 and headquartered in Foothill Ranch, Calif., Quandis is a default management software provider specializing in Web-based solutions for the lending industry. Quandis’ solutions include foreclosure process automation, short sale portals, skip tracing systems, a valuations hub, military search services, bankruptcy status searches, collection solutions, as well custom application development. The company’s clients range from lenders to banks, servicers, foreclosure attorneys, outsourced service providers, and agents and brokers. For more information, please visit http://www.quandis.com/ or call (949) 525-9000.

About PennyMac Financial Services, Inc.:
PennyMac Financial Services, Inc. is a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.S. residential mortgage loans and the management of investments related to the U.S. residential mortgage market. PennyMac Financial Services, Inc. is headquartered in Moorpark, California. For more information, visit the company’s website http://www.pmac.com/.

MEDIA CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
for Quandis
949.378.9685
jbowerbank@profunditymarketing.com.

Quandis, Inc., 27442, Portola Parkway, Suite 350, Foothill Ranch, CA 92610; 949.252.9000.

NEWS SOURCE: Quandis, Inc. :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by Send2Press® Newswire, a service of Neotrope® – Copr. © 2013. Syndication source of this news item: http://www.send2press.com/newswire/PennyMac-Utilizing-Quandis-Technology-to-Automate-Short-Sale-Transactions_2013-06-0618-002.shtml .

“We are extremely pleased that Bryan has come aboard,” said Kim Powell, CEO of Summit Industrial Flooring. “Bryan’s talent is in leading teams and positioning businesses for accelerated growth. With Summit Industrial’s recent expansion into the Southeast, we are poised for tremendous growth, and Bryan is just the person to lead us.”

Summit Industrial Flooring has recently opened a base of operations in Charleston, S.C., in addition to its Dayton headquarters. Summit specializes in commercial and industrial floor systems. Surface finishes include polished concrete, seamless epoxy floor coatings, safety striping, concrete restoration and floor maintenance. The company also consults and designs industrial flooring, secondary containment, and specialty flooring, including logos and artwork.

Sowder comes to Summit from Heidelberg Distributing Company, where he was District Sales Manager for Anheuser-Busch InBev (NYSE:BUD). His successes at Heidelberg include leading revenue gains despite nationwide downturns. His team achieved a company-best 5.3% sales growth in the Dayton market in 2012.

Prior to his role with Heidelberg, Sowder was president of Sowder Concrete Contractors, of Dayton. “Bryan’s understanding of the concrete business will be a tremendous asset to Summit in the industrial floor finishing business,” Powell said. “He has a talent for spotting opportunities and efficiencies while improving both products and services to the customer.”

With a focus on increasing operational efficiencies and building solid business processes, Sowder oversaw 450% sales growth and increased revenues from $500,000 to $7 million, positioning Sowder Concrete Contractors as a market leader.

Sowder earned a Bachelor of Science degree in business administration from Georgia Southern University in Statesboro, GA.

ABOUT SUMMIT INDUSTRIAL FLOORING

Summit Industrial Flooring, headquartered in Dayton, Ohio, and with a second base of operations in Charleston, S.C., is a leading industrial floor finisher in Ohio, the Midwest, and Southeast. From its first project in 1990, Summit has grown into a full-service industrial flooring finisher, offering consulting, design, and a full range of flooring surfaces.

Summit Industrial Flooring maintains membership and certification from a number of major organizations and industry partners. Summit’s founder, Keith Powell, is one of a handful of experts to achieve the Master Craftsman designation from the Concrete Polishing Association of America.

NEWS SOURCE: Summit Industrial Flooring

Cotugna’s responsibilities will include the acquisition of new clients as well as the design, placement and management of risk management and property and casualty insurance programs. He will report to Dan Ryan, managing principal of EPIC’s Inland Empire Division.

“Joe’s client focus, personal ties to the Inland Empire and proven ability to deliver creative, cost effective solutions make him a great fit for EPIC,” said EPIC co-founder Dan Francis. “We are excited to have another professional of Joe’s caliber join our growing Inland Empire team.”

Prior to joining EPIC, Cotugna was a producer for Hays Companies, based in Ontario, CA. Cotugna began his career with the State Compensation Insurance Fund as a claims adjustor and sales representative, subsequently owned his own brokerage, and also served in management at a large regional brokerage.

Cotugna earned a Bachelor of Arts degree in Business Administration from California State University, San Bernardino. Professionally, he holds the Accredited Adviser in Insurance (AAI) designation.

A lifelong resident of the Inland Empire, Cotugna is involved in numerous local charities including Santa Claus Inc, an organization devoted to helping underprivileged kids enjoy the Christmas season, and HEAL, which supports abandoned animals.

“EPIC is all about delivering real value and a high return to their clients,” said Cotugna. “They have exciting plans for growth in the Inland Empire and I appreciate that innovation and personal accountability are key parts of EPIC’s foundation. These are the principle reasons I chose this company and why I’m truly excited to be here.”

Joe Cotugna can be reached at:
EPIC
3200 Guasti Rd
Ontario, Calif. 9176
855-424-3742 Office
909-418-4002 Mobile
jcotugna [at] edgewoodins.com.

Find EPIC on Facebook:
https://www.facebook.com/EPICInsuranceBrokersAndConsultants .

About EPIC:
EPIC is a unique and innovative retail property & casualty and employee benefits insurance brokerage and consulting firm. EPIC has created a values-based, client-focused culture that attracts and retains top talent, fosters employee satisfaction and loyalty and sustains a high level of customer service excellence.

EPIC team members have consistently recognized their company as a “Best Place to Work” in multiple regions across California and as a “Best Place to Work in the Insurance Industry” nationally.

The 7th largest broker based in the U.S. West, EPIC has more than 300 team members operating from nine offices across California (Los Angeles, Irvine, Ontario, Inland Empire, Folsom, San Francisco, San Mateo, Petaluma and San Ramon) and in Denver, Colorado.

With more than $80 million in revenues, EPIC ranks among the top 40 retail insurance brokers in the United States. The company’s strategic plan calls for more than doubling revenue over the next five years ($250 million by 2018) and further expansion across the country. For additional information, please visit http://www.edgewoodins.com/ .

NEWS SOURCE: Edgewood Partners Insurance Center :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by Send2Press® Newswire, a service of Neotrope® – Copr. © 2013. Syndication source of this news item: http://www.send2press.com/newswire/EPIC-adds-Principal-Joe-Cotugna-AAI-in-the-Inland-Empire_2013-06-0605-001.shtml .

“I am thrilled to have Patrick and Jacob join VLP’s Commercial Lending group. Patrick is a highly respected attorney in our field and his arrival will enhance our ability to serve our clients. Jacob has a considerable amount of experience with commercial lending transactions and will be a great addition to our team,” said David Lawson, chair of VLP’s Commercial Lending practice group.

Mr. Lawler has practiced corporate law for over 20 years, all at large law firms. He has worked in New York City where his practice focused on mergers, acquisitions, equity and debt offerings, syndicated commercial lending, SEC reporting and disclosure requirements, as well as other general corporate advice. Mr. Lawler has also worked in San Francisco, practicing in many of the same areas but also working with many clients in the technology, private equity, structured finance and oil and gas areas. Since 2008 Patrick has worked in Los Angeles for O’Melveny, once again expanding his practice, this time to include representation of entertainment companies, asset based lenders and small and large aircraft companies.

“I am very excited about joining VLP and look forward to working with my new colleagues. VLP is a great firm with a great business model, and offers an excellent platform from which I hope to continue to expand my practice with top-tier service with greater efficiency and lower costs, said Mr. Lawler.

Mr. Lawler received his J.D. from the University of Chicago in 1992. He received his A.B. with honors and distinction in Classical Studies from Stanford University in 1989, where he was the recipient of the Classics Undergraduate Scholarship, the Fairclough Prize and the Andersen Prize and a member of phi beta kappa.

About VLP’s Commercial Lending Practice:
VLP’s Commercial Lending Practice Group is dedicated to representing banks and other institutional lenders, borrowers, private equity funds, and venture capitalists in all aspects of structuring, negotiating, documenting, closing and working out loan, lease, and other credit transactions.

The group’s lawyers represent lenders and borrowers in regard to loan transactions in a wide variety of industries, including debt financings for:
* Early-Stage and Venture-Backed Technology Companies;
* Life Sciences Companies;
* Middle-Market Companies;
* Later-Stage Companies.

Transaction types include asset-based loan transactions, growth capital facilities, equipment loans, equipment leases, capital call facilities, senior, second-lien and mezzanine debt transactions, acquisition financings, loan transactions involving foreign entities, single lender transactions, and syndicated loan transactions. The clients of the Commercial Lending Practice Group are located across the United States, including California, Colorado, Washington, Texas, Georgia, Maryland, Massachusetts, North Carolina, and Virginia.

In representing our clients, the Commercial Lending Practice Group attorneys utilize the expertise of attorneys in other practice areas within VLP (including securities, mergers and acquisitions, intellectual property, and tax) on an as-needed basis to ensure the best possible service to our clients. The combination of our expertise and our drive to be both responsive and economical, allows us to deliver an exceedingly high level of quality and value to our clients. More information: http://www.vlplawgroup.com/ .

NEWS SOURCE: VLP Law Group LLP :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by Send2Press® Newswire, a service of Neotrope® – Copr. © 2013. Syndication source of this news item: http://www.send2press.com/newswire/VLP-Expands-its-Commercial-Lending-Practice-with-Addition-of-Patrick-Lawler-and-Jacob-Dy-Johnson_2013-06-0604-003.shtml .

He will be responsible for building correspondent relationships in the Central States area, including: Arkansas, Colorado, North Dakota, South Dakota, Iowa, Illinois, Kansas, Louisiana, Michigan, Minnesota, Missouri, Nebraska, Oklahoma, Texas, Utah, and Wisconsin.

“Industry response to the Titan Capital Solutions jumbo product has been encouraging, and we’re eager to broaden our footprint throughout the country,” said Mary Kladde, president of TCS. “Mike’s extensive mortgage sales experience will prove invaluable to building out TCS relationships in this region.”

Prior to Titan, Eberl served as sales director for Stonegate Mortgage Corporation, where he contributed to the development of Stonegate’s newly created Correspondent Financial Institutions correspondent channel. His primary focus was building production relationships in the Mid-West territory. Additionally, Eberl has held account management roles with several national companies including Pacific Union Financial, NetBank, First Horizon Home Loans and North American Mortgage.

Eberl earned his Bachelor of Science degree in business administration from the University of Nebraska-Lincoln. He currently resides in the Denver, Colo. area.

About Titan Capital Solutions:
Titan Capital Solutions ( www.TitanCapitalSolutions.com ), a wholly-owned subsidiary of Denver-based Titan Lenders Corp., was created to support a secondary/capital market strategy for the correspondent jumbo lending channel. TCS is committed to correspondent mortgage lending best practices and has been staffed with experienced correspondent specialists. In addition, TCS embraces a leadership role in the restoration of a private investment marketplace for the mortgage industry.

NEWS SOURCE: Titan Lenders Corp :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by Send2Press® Newswire, a service of Neotrope® – Copr. © 2013. Syndication source of this news item: http://www.send2press.com/newswire/Titan-Capital-Solutions-adds-Mike-Eberl-as-Correspondent-Regional-Sales-Director-for-U-S-Central-States_2013-06-0604-002.shtml .

The platform for the new EPIC and DCP venture (Protector Holdings, LLC) is retail insurance broker Premier Insurance Services, Inc. Premier Insurance Services, Inc. is an agency founded by President Alex Kabir to serve the unique insurance needs of the Latino community across California. Since its formation in 2004 with a single office in Bakersfield, CA, Premier has grown to 15 locations across the state and is now the ninth largest non-standard automobile broker in California.

Kabir will work closely with Protector Holdings CEO Paul Areida to expand the Premier brand across the Western and Southwestern United States.

“There is a tremendous opportunity in the Hispanic insurance market,” says Areida. “Historically, a few large agencies have controlled much of this business, but this is rapidly changing. Carriers, vendors, salespeople and our Latino communities are all looking for a better, more effective alternative. Alex Kabir, the Premier team and I will provide a strong, viable option with the financial, operations and market relations support of EPIC and Dowling Capital Partners.”

Kabir adds, “The Premier team has built a strong reputation of professionalism, service and value. We are poised to expand significantly to better reach and serve our Latino customers. The support of EPIC and Dowling Capital Partners and the formation of Protector Holdings make it possible to capture the current opportunities and expand our market share. I am very excited to join with Paul Areida and Protector Holdings in this effort.”

Paul Areida can be reached at:
Protector Holdings, LLC
Address: 135 Main Street, 21st Floor, San Francisco, CA
Phone: 818-482-6917
Email: paul [at] protectorholdings.com

Alex Kabir can be reached at:
Premier Insurance Services, Inc.
Address: 1231 E Washington St # B, Colton, CA 92324
Phone: 949-836-0604
Email: akabir [at] freeenetquote.com
Web Site: www.freenetquote.com .

About EPIC:
EPIC is a unique and innovative retail property & casualty and employee benefits insurance brokerage and consulting firm. EPIC has created a values-based, client-focused culture that attracts and retains top talent, fosters employee satisfaction and loyalty and sustains a high level of customer service excellence. EPIC team members have consistently recognized their company as a “Best Place to Work” in multiple regions across California and as a “Best Place to Work in the Insurance Industry” nationally.

The 7th largest broker based in the U.S. West, EPIC has more than 300 team members operating from nine offices across California (Los Angeles, Irvine, Ontario, Fresno, Folsom, San Francisco, San Mateo, Petaluma and San Ramon) and in Denver, Colorado.

With more than $80 million in revenues, EPIC ranks among the top 40 retail insurance brokers in the United States. The company’s strategic plan calls for more than tripling revenue over the next five years ($250 million by 2018) and further expansion across the country. For additional information, please visit http://www.edgewoodins.com/ .

About Dowling Capital Partners:
Dowling Capital Partners is a private equity fund that invests primarily in the insurance industry, including underwriters, distribution firms and service companies. Collectively, the management of DCP has over 80 years of senior level industry experience, including insurance-related private equity investment management, investment banking, industry research and operational and board-level roles within major insurance, reinsurance and brokerage companies. Formed in 2011, DCP’s financial partners include highly regarded insurance industry organizations and professionals. DCP provides its portfolio companies and co-investors with industry expertise, broad relationships and operating experience. DCP’s affiliates include Dowling & Partners Securities and Dowling Hales, leading insurance industry-focused equity research and investment banking boutiques. The firm is based in Farmington, CT. For additional information, please visit http://www.dowlingcapitalpartners.com/ .

About Premier Insurance Services:
Founded in 2004 by Alex Kabir, Premier has grown to be the 9th largest broker of non-standard auto insurance in California. Now serving the Latino community from 15 offices across the state, Premier plans to aggressively grow its operations as a part of Protector Holdings, LLC, a joint venture of EPIC and Dowling Capital Partners. For additional information, please visit http://www.freenetquote.com/ .

NEWS SOURCE: Edgewood Partners Insurance Center :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by Send2Press® Newswire, a service of Neotrope® – Copr. © 2013. Syndication source of this news item: http://www.send2press.com/newswire/EPIC-Dowling-Capital-Partners-and-Premier-Insurance-Combine-Forces-to-Change-Hispanic-Insurance-Market_2013-06-0603-001.shtml .

“We have put in place strategic plans and the necessary infrastructure to expand at a healthy, controlled rate due to our recent tremendous success,” said Mat Ishbia, current president of USFS and UWM. “I look forward to assuming the role of CEO at United Shore Financial Services and continuing to grow the company’s wholesale and retail residential lending channels.”

Notable is that under Ishbia’s guidance, UWM has grown exponentially since he started-from only five percent of total company production to over ninety percent. Recently, Ishbia was named as one of the 40 Most Influential Mortgage Professionals Under 40 by National Mortgage Professional Magazine, and was also named a Crain’s Detroit Business 40 under 40. His vision to establish a unique business model that is intensely focused on next-level client service is, among other things, what has largely attributed to UWM’s success.

“USFS is pleased to announce Mat as our new CEO; he has demonstrated his leadership by far surpassing industry benchmarks and setting unprecedented growth rates. His business acumen, proven leadership skills and sterling reputation are unrivaled,” said David Hall, president of USFS’ retail arm, Shore Mortgage.

Kip Kirkpatrick, USFS’ present CEO, will make a planned transition from running the day-to-day operations of the business to holding a seat on the company’s advisory board.

“Since joining USFS as CEO in 2011, Kip has supported our growth with unwavering passion and commitment, laying the foundation for continued success,” said Jeff Ishbia, USFS founder and board chair. “We look forward to working with him as a trusted, highly experienced advisor to assist in strategically growing the business.”

Earlier this year, USFS brought its more than 1,200 employees together under one roof at its new state-of-the-art corporate headquarters located at 1414 Maple Road in Troy, Michigan. The move consolidated all of USFS’ team members from four locations in Birmingham, MI and Troy, MI into a single location on three floors with more than 140,000 square feet of new space. Just two weeks ago, Michigan Governor Rick Snyder visited this new headquarters to spotlight USFS’s contributions to the community and its plans to hire 600 new employees in 2013.

About United Shore Financial Services:
Headquartered in Troy, Michigan, USFS was founded 27 years ago and is one of the largest, fastest growing independent mortgage lenders in the United States. It operates three brands: United Wholesale Mortgage, Shore Mortgage and Capital Mortgage Funding. United Wholesale Mortgage is the fourth largest wholesale mortgage lender in the country, while Shore Mortgage is a nationally known, direct-to-consumer mortgage lender. Capital Mortgage Funding is a leading mortgage lender in southeastern Michigan. Together, the company employs more than 1,200 team members, projecting over $16 billion in originations and 600 additional employees in 2013. For more information, visit http://www.unitedshore.com/ .

CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949.378.9685
jbowerbank@profunditymarketing.com

PHOTO CAPTION: Mat Ishbia, CEO of USFS.

NEWS SOURCE: United Shore Financial Services :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by Send2Press® Newswire, a service of Neotrope® – Copr. © 2013. Syndication source of this news item: http://www.send2press.com/newswire/Mat-Ishbia-to-be-Selected-as-CEO-of-United-Shore-Financial-Services_2013-05-0531-001.shtml .

The LOS’ Instant Support capability creates a unique communication medium that allows lenders to conveniently and quickly pose questions and have problems swiftly addressed. In addition to direct communication with clients, LendingQB’s support staff is able to view and take control of users’ desktops to identify, troubleshoot and fix issues while the user effortlessly watches. Almost half (46 percent) of all support requests are received via Instant Support.

Participants in the survey encompassed a wide range of job functions within lending organizations that included executives, loan officers and brokers, underwriters, processors, closers, shippers, set up staff and secondary marketing managers. A number of different categorical questions were asked of lenders. Notable is that LendingQB routinely monitors clients’ usage of its system to proactively reach out to them and call their attention to functionally that isn’t being used, as well as new functionality.

58 percent of respondents indicated that they had questions about how to take advantage of various features in the LOS, which they wanted to become familiar with in order to make their jobs easier. 94 percent of clients said their questions were answered clearly and expeditiously; 52 percent of support requests are responded to within 5 minutes; only 21 percent said they waited longer than an hour for a response; and 91 percent of LendingQB’s clients categorized support as being good or excellent.

“In talking with all types of lenders in the marketplace, one of the biggest complaints they have with their LOS providers is a lack of responsive support, an inability to clearly answer questions, and requests for new features and enhancements that frequently fall upon deaf ears,” stated Linn Cook, marketing director at LendingQB. “Vendor support is absolutely critical for lenders to be able to take full advantage of their LOS platform, and not just within the first 60 or 90 days. We’re proud to have a reputation as a provider that maintains a high and consistent level of support to our clients on a daily basis.”

About LendingQB:
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100 percent Web-based, true end-to-end enterprise-class loan origination platform. The solution is designed to meet the needs of all types of mortgage lenders-large or small, wholesale or retail, correspondent or Internet-based-with specialized tools that are targeted, customizable and flexible. LendingQB uses a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit http://www.lendingqb.com/ .

CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949.378.9685
jbowerbank@profunditymarketing.com

LendingQB; 3080 Bristol Street, Suite 550, Costa Mesa, CA 92626; 714-957-6335.

NEWS SOURCE: LendingQB :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by Send2Press® Newswire, a service of Neotrope® – Copr. © 2013. Syndication source of this news item: http://www.send2press.com/newswire/Instant-Support-Feature-Within-LendingQB-s-LOS-Cited-by-Clients-as-Key-Driver-in-Responsive-Superior-Customer-Support_2013-05-0530-002.shtml .

According to Mortgage Network’s Director of Operations Christine Terranova, prior to IDS, Mortgage Network was entering data manually into three separate databases and using two separate systems to process loan data and ensure compliance. In addition, document customizations for certain loan products would take several days, if not weeks, to be completed.

“The IDS integration with our proprietary loan origination system has drastically improved the productivity of our staff,” Terranova explained. “Before, our closers could process four to five loans a day. Now, our closers are closing eight loans per day – and that includes initial reviews, HUD-1 reviews and all compliance checks. The integrated compliance features in idsDoc have also significantly reduced our costs because we’re not having to pay for a separate compliance check for each loan.”

“Furthermore, if we need custom docs, they’re ready in 24 hours,” Terranova added. “That kind of responsiveness is critical for maintaining our relationships with our portfolio lenders and allows us to remain flexible in the face of changing market conditions.”

“The integration between a lender’s line of business systems and its doc prep system has become a mission-critical aspect of maintaining compliance and efficiency in day-to-day mortgage lending operations,” said IDS Executive Vice President Mark Mackey. “Whether it’s a proprietary system or a vendor-provided offering, we at IDS see it as our job to ensure our system works seamlessly with our clients’ existing technology.”

About Mortgage Network, Inc.:
Mortgage Network, Inc. is a private mortgage banking company founded in 1988 by Robert McInnes and Albert Pare III who have co-managed the Company since its inception. Mortgage Network is one of the largest independent mortgage companies headquartered in New England. The Company’s unique combination of experience, product development, and commitment to providing great service has made Mortgage Network an industry leader. The Company has established over forty lending offices providing retail mortgage services. Mortgage Network can be found online at: http://www.mortgagenetwork.com/ .

About IDS, Inc.:
IDS, founded in 1986 in Salt Lake City, Utah, is a nationwide provider of mortgage documents and compliance. IDS services include closing documents, initial disclosures and fulfillment. The IDS flagship doc prep solution, idsDoc, is recognized in the industry for its ability to be customized to meet specific lender needs. IDS backs the system with unsurpassed customer service, cutting-edge technology, compliance and document guarantees, and a solid compliance team. Lenders looking to move forward when it comes to doc prep can visit the IDS website at http://www.idsdoc.com/ or call 800.554.1872.

NEWS SOURCE: International Document Services Inc. :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by Send2Press® Newswire, a service of Neotrope® – Copr. © 2013. Syndication source of this news item: http://www.send2press.com/newswire/International-Document-Services-idsDoc-Mortgage-Document-Prep-System-Improves-Productivity-and-Delivers-Custom-Docs-to-Mortgage-Network_2013-05-0523-003.shtml .

Quandis’ valuation system is completely Web-based and enables outsourcers like BAM to effectively manage the placement, receipt, distribution, processing and automatic delivery of BPO orders. Approved agents are provided with secure logins to use a centralized Web portal to receive order requests, complete BPOs, submit them using a standardized form, and check status. BAM’s internal staff utilizes the application to automate their BPO workflow, complete scheduled tasks, and quickly and accurately review, audit and fulfill orders for clients.

“Quandis’ solution gives us complete control over our BPO process and provides us with visibility over agents working with us in the field, which has resulted in our ability to quickly, efficiently and cost effectively deliver accurate, well-documented BPOs to our clients that helps eliminate risk,” said Richard Johnston, senior vice president at BAM. “What has been incredibly helpful to us is the use of a standardized BPO form that Quandis customized for us that contains all relevant data for the BPO. It’s really been key to being able to provide a better BPO product and service to our clients. It plainly lays out information and also helps establish much needed checks and balances that all necessary steps were correctly taken and values are accurate. And, it has helped grow our business.”

In addition and also key to the valuation system is that it is seamlessly integrated with BAM’s back-office REO processing application, thus eliminating the need to rekey data and facilitating better communications between staff and agents.

Johnston added: “This system-to-system integration is one of the best I’ve ever seen in all my years working in the REO space. We were extremely impressed with Quandis’ ability to accomplish such a tight bi-directional integration; and, they were able to take us live in under 40 days.”

“BAM is a forward-thinking organization that truly understands the value of default servicing technology and how to utilize it to provide excellence in service to clients. Their strong commitment to innovation and continual advancement of their technology stack is in part why they are able to efficiently and cost effectively handle the entire valuation process from soup-to-nuts as a full-service REO outsourcer for their client base,” commented Scott Stoddard, CEO of Quandis.

About Quandis:
Founded in 2003 and headquartered in Foothill Ranch, Calif., Quandis is a default management software provider specializing in Web-based solutions for the lending industry. Quandis’ solutions include foreclosure process automation, short sale portals, skip trace systems, a valuations hub, military search services, bankruptcy status searches, collection solutions, as well custom application development. The company’s clients range from lenders to banks, servicers, foreclosure attorneys, outsourced service providers, and agents and brokers. For more information, please visit http://www.quandis.com/ or call (949) 525-9000.

About Bankers Asset Management:
Bankers Asset Management (BAM) offers a full range of quality asset management services, which includes nationwide coverage for property valuation, property preservation, and marketing. The company works closely with real estate agents, attorneys, appraisers, title companies, HOAs and vendors to ensure all aspects of the REO asset management process are completed expeditiously and efficiently. Contact the company at (501) 537-0077 or visit http://www.bamreo.com/ .

CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949.378.9685
jbowerbank@profunditymarketing.com

NEWS SOURCE: Quandis, Inc. :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by Send2Press® Newswire, a service of Neotrope® – Copr. © 2013. Syndication source of this news item: http://www.send2press.com/newswire/Bankers-Asset-Management-Uses-Quandis-Valuation-System-to-Efficiently-Complete-BPOs-and-Manage-Agents_2013-05-0523-001.shtml .