Washington

Suddenly, Default Management and REO Technology Really Matters 

HW readers will recall reading on this blog how more than a few niche technology providers on the origination side of the business are looking to exit. At the time, I’d noted how the default management technology niche was booming. A company called NextAce is another example of how mortgage technology companies are now looking to exploit the needs that many foreclosure and REO departments now have — namely, how can we hit a timeline when we’ve got too many damn properties coming in?