Overview

Outamate Mods™ by Outamation®  offers comprehensive loan modification services designed to simplify and expedite the loan modification process from complex decisioning, compliant document packages, document execution, perfection, recording and submission to the custodians. Our solutions are tailored to meet the needs of mortgage servicers, ensuring compliance, efficiency, and enhanced borrower experience.

Technical Capabilities

Outamate Mods leverages cutting-edge technology to optimize the loan modification process. Our platform integrates seamlessly with existing systems through hosted, component-based solutions. Our engine enhances data accuracy with automatic recognition and extraction, while our system provides detailed tracking and auditable proof of entire lifecycle of the loan. Our advanced tech stack ensures secure, compliant, and efficient operations, empowering servicers to focus on customer satisfaction and operational excellence.

Key Features

Compliance and Efficiency

  • Elaborate and Automated compliance checks to ensure all documents meet regulatory requirements.
  • Workflow-driven environment to enhance operational efficiency.
  • Secure electronic delivery options.

Advanced Document Technology

  • Hosted, component-based solutions for seamless integration.
  • Engine for automatic recognition and data extraction.
  • Auditable proof of mailed and returned documents.
  • Quality Management System

End-to-End Document Management

  • Generation and handling of all loan modification-related documents for GSE’s, FHA, VA and USDA.
  • Secure storage, imaging, and indexing of loan files.
  • Custom document creation

Document Fulfillment and Recording

  • Rigorous quality control for compliance and recordation readiness.
  • Options for electronic execution, mobile notary, and remote online notary.
  • Swift recording in eRecording-enabled counties and physical send-for-recording where necessary.
  • Direct delivery to servicer or custodian post-recordation.
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Mailroom Services

  • Secure mail receipt and document scanning.
  • Low rates for package delivery.

How Outamate Mods™ Will Improve the Mortgage Industry

Outamate Mods™ revolutionizes the Default servicing space by automating document generation and management, significantly reducing processing times and human error. This streamlined approach allows for faster, more accurate loan modifications, improving operational efficiency. The result is a smoother process for both servicers and borrowers, enhancing overall satisfaction and trust in the lending process.

Maintaining compliance in a highly regulated industry is crucial. Outamate Mods™ ensures all documents meet current regulatory standards through automated compliance checks and rigorous quality control processes. Secure electronic delivery and storage solutions protect sensitive borrower information, reducing the risk of data breaches. This proactive approach to compliance and security helps mortgage servicers mitigate risks and uphold high standards, fostering a safer and more reliable lending environment.

Why Choose Outamate Mods™

  • Turnkey: All standard programs are turnkey and quick to launch within weeks.
  • Custom Solutions: Tailored to your specific needs and footprint.
  • Enhanced Borrower Communication: Secure, compliant, and efficient.
  • Operational Excellence: Streamlined workflows and improved turnaround times.
  • Compliance Assurance: Stay current with regulatory changes and maintain robust audit trails.

Successful Launch of FHA Payment Supplement Program

Outamation® is proud to announce the successful production launch of the FHA Payment Supplement program. This achievement underscores our commitment to providing efficient and compliant loan servicing solutions, way ahead of the schedule. Our team’s expertise and dedication have ensured adherence to all FHA guidelines and receiving rave reviews from underwriters using it daily.

For more information about Outamate Mods™ and how we can assist with your loan modification needs, contact us at info@outamation.com