Default Workstation

Post-2008-2009, the default rates skyrocketed, and feds introduced new default rules like SPOC and HAMP (Home Affordable Mortgage Plan - with a low-interest rate of 1.35% Debt to Interest DTI from the government), causing an increase in loan modification volumes. However, due to the lack of appropriate technology platforms to handle such rising volumes, one of the USA's top national banks stepped up to create a new technology platform to manage the same. They selected our technologically advanced and skilled team to create the software that satisfies their needs. We soon designed and completed a new default workstation for them that successfully manages high volumes.