—Transforming Loan Modifications and Simplifying Business Workflow—
Outamation, a pioneer in automation and digital transformation that reimagines workflows to deliver impactful business outcomes, announced the launch of Outamate Mods, a modular platform designed to revolutionize loan modifications and beyond. Currently tailored for the mortgage industry, Outamate Mods is poised to redefine how businesses approach compliance, efficiency, and client experience.
“We’re empowering mortgage servicing organizations. By streamlining operations, improving quality, and reducing the loan modification process cycle by as much as three times, we are elevating client satisfaction while adhering to rigorous regulatory standards.”
Streamlining Processes, Ensuring Compliance
Outamate Mods simplifies the traditionally cumbersome loan modification process, from decision-making to document generation, fulfillment, and recording. With practical, compliant AI at its core, the platform delivers unmatched efficiency, significantly reducing modification timelines. Whether clients adopt the complete solution or select individual modules, Outamate Mods mitigates risk and ensures compliance to enhance operational precision.
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“Outamate Mods delivers a solution for Default Servicing teams grappling with complex workflows,” said Sapan Bafna, CEO of Outamation. “We’re empowering mortgage servicing organizations. By streamlining operations, improving quality, and reducing the loan modification process cycle by as much as three times, we are elevating client satisfaction while adhering to rigorous regulatory standards.”
A Versatile Solution for Regulated Industries
Outamate Mods currently addresses mortgage modifications and is applicable to other industries where high-volume, complex, and compliant financial restructuring is necessary. The platform’s modular design and seamless integration capabilities ensure businesses across sectors can optimize their workflows and deliver exceptional outcomes utilizing Outamation’s hosted environments or the client’s on-prem/cloud environment.
Measurable Impact
Outamate Mods has already demonstrated significant results for early adopters:
- Operational Efficiency: Shortened loan modification process by two to three times.
- Decision Accuracy: Achieved 100% client satisfaction through customizable workflows.
- Risk Mitigation and Cost Savings: Provided industry-leading representation and warranty policies, significantly reducing risk for clients.
- Client Implementation: Implemented within weeks, ensuring turnkey integration and rapid adoption.
Delivering the Future of Workflow Automation
With Outamate Mods, Outamation continues to innovate at the intersection of people, process, and technology. By addressing inefficiencies, reducing risks, and enhancing user experiences, the platform reinforces Outamation’s mission to deliver impactful solutions that empower businesses to thrive in an ever-evolving digital landscape.
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