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LOSS MITIGATION AND DEFAULT SERVICING SOLUTION


Clarifire's Response to COVID-19

CLARIFIRE® is helping our clients automate the volumes and keep borrowers in their homes during this pandemic and after it passes. CLARIFIRE offers a complete Forbearance solution based on FHA Guidelines for the CARES Act.


Process thousands of forbearance requests, automating payment deferrals, loan mods, and more with CLARIFIRE.

With industry experience, a proven history of innovation, and speed to market, we are making a difference in the way the mortgage industry mitigates the impact of COVID-19. In less than 60 seconds, your customers can get the mortgage relief they need with a proven solution currently in production. To implement this solution, there is no interruption to servicer business. It’s that easy! Contact us now to improve your efficiency for processing forbearance requests.


Technology NOW to Future Proof Your Organization

Clarifire has over a decade of experience providing end to end servicing solutions to financial institutions. CLARIFIRE, our workflow automation software, takes the chaos out of disaster management, pandemic volumes and velocity, and ever-changing loss mitigation processes. The operational, financial, and regulatory complexities that are impacting the mortgage industry can be catastrophic. We are proven, trusted technology partners with process automation expertise that changes your results immediately.

Automated Servicing Solutions and Workout Decisioning

Clarifire provides servicing solutions that streamline both retention and liquidation processes for servicers. Our industry-proven workout underwriting feature, CLARIFIRE CALCULATOR®, is a configurable, robust workout underwriting engine with workflow, and solves for the high volume demand to serve borrowers with options in a rapid digital automated way.

The CLARIFIRE workflow software that connects your servicing organization end to end also provides cohesive and comprehensive, seamless default management processes and features. Together, they increase the quality and ability to handle volumes and responsiveness of workout decisions, while minimizing the costs of keeping borrowers in their homes.


CLARIFIRE is the only workflow automation solution with all the latest Freddie, Fannie, FHA, VA and USDA current workout rules, calculations and workflows, including disaster (pandemic) and the latest forbearances.


Loss Mitigation Workflow Automation

CLARIFIRE workflow minimizes the costs that loss mitigation variations bring by automating all disaster/pandemic workout waterfalls and options along with launching the requisite workflows automatically to control and govern the timing of activities per the regulations.

Benefits of CLARIFIRE

  • Proven instant access to latest automated decisioning, with all the latest Freddie, Fannie, FHA, VA and USDA current workout rules, calculations and workflows (including disaster and the latest forbearances, CARE Act is in progress.
  • Enables servicers to meet and enforce timeframes and requirements set forth by investors.
  • Reduce loss mitigation cycle times, costs, and drive workout and workflow efficiencies.
  • Resources can handle more volumes with automated workload balancing and distributions. The application is easy to use, one-click waterfall workout decisioning and structuring and standardized work activities.
  • Improved customer experience and collaboration by promoting borrower interaction and document sharing via our online, secure CLARIFIRE COMMUNITY® portal. Bi-directional communications, along with automated self-service for eligibility and approvals, are available now.
  • Elevate your call centers with CLARIFIRE CONTACT®, and bring your customer touch points to the next level.
  • Real-time connectivity to HSSN and SMDU for Fannie Mae loans - including Flex Modification and Extend Modification for Disaster Relief bulk processing.
  • Specialty workout modeler makes structuring deals easy.
  • Add new workout rules and make changes quickly.
  • Create and send documents automatically to print vendors of your choice.

Please contact us with any questions, or click here to request a free demo.

 


Disaster Servicing

Download our new “How to Overcome the Challenges of Servicing for Disaster Relief” eBook!

Learn how to effectively manage the rising volumes and quality of response for disaster relief.

How to Overcome the Challenges of Servicing for Disaster Relief eBook



Download our "CLARIFIRE WORKFLOW: Take the Chaos Out of Servicing" eBook!

Learn how CLARIFIRE combines workflow with automated workout decisioning to simplify your default servicing and loss mitigation processes.

Take the Chaos Out of Servicing eBook




Click here to read our Disaster Relief and Investor Disaster Modification Blogs.


CLARIFIRE is truly "BRIGHTER AUTOMATION®."