Sagent, a fintech company modernizing mortgage and consumer loan servicing for America’s top banks and lenders, announced a partnership with Consolidated Analytics to automate valuation services for default servicing through an integration into TEMPO, Sagent’s default management platform.
“Sagent powers the automation of vendor order management with meticulous documentation and bidirectional data sharing to ensure servicers get the right vendor orders, when they need them”
The partnership was announced recently at IGNITE, Sagent’s annual user summit. The Consolidated Analytics team presented the automated workflow detailing the more timely, accurate, and efficient vendor orders with automated rules ensuring that the correct product is getting ordered at the right time.
“This partnership allows TEMPO users to work with Consolidated Analytics through a streamlined workflow that creates efficiencies in the valuation process, and ultimately reduces costs for our clients,” said Chris McLain, Division President, Valuations at Consolidated Analytics. “This integration allows for order placement and delivery partnered with real-time communication and automated tracking throughout the valuation process.”
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Already the integration is proving successful with the first customer addition, Carrington Mortgage Services, realizing immediate gains in moving from a manual valuation management process to the automated efficiency provided by TEMPO.
“Carrington Mortgage Services is excited to be partnering with Sagent and Consolidated Analytics to implement this new module within the TEMPO system,” said Tom Croft, SVP, Default Management for Carrington Mortgage Services. “We believe it will provide us with much-needed automation and controls over our vendor services ordering processes.”
Here’s how it works:
● Bulk order placement can be done with the push of a button, placed with your integrated vendor partner. No more spreadsheets or manual tracking of order confirmations and cancellations.
● Truly real-time updates with the ability to send critical information securely while minimizing data management risks that occur from taking data from one system to another.
● Automated orders are placed right when you need them, and updated to TEMPO the moment they are complete. This minimizes email communication for better security with thorough documentation with system notes and automated audit trails.
● When vendor orders are completed and fulfilled, the results are automatically returned, documents logged and categorized, and data updated in TEMPO.