FOOTHILL RANCH, Calif. /California Newswire/ — Quandis, Inc., a leading provider of default management technology solutions, announced today that it released a plug-in tool that allows default servicing law firms to adhere to the Servicemembers Civil Relief Act (SCRA). The plug-in was designed specifically for law firms that do not have the necessary IT resources to configure Quandis' military search platform to interface with their internal legal applications.
"Earlier this year, we integrated our military search service with one of the leading legal case management systems (CMS) in default servicing space, KMCIS' CaseAware(R) solution, to seamlessly populate our search results into their CMS," said Scott Stoddard, CEO of Quandis. "However, not all law firms currently have the IT staff and time needed to configure the data fields on their end, yet they have a burning need to ensure they comply with the SCRA. This plug-in enables them to immediately take advantage of our service with zero IT resources until they have the time to map the fields in their CMS to achieve a fully integrated solution. In short, it's a very effective alternative to circumvent waiting for an integration to be completed; and, it's very quick to implement."
The new SCRA solution works by adding Quandis' plug-in to the user's Microsoft Excel application. The searching is conducted within the spreadsheet by invoking the Quandis' military search API to scrub for active duty military personnel. Active borrowers identified are instantly returned back into Excel to alert the user to halt foreclosure proceedings. If the plug-in had not been built, law firms would be forced to perform the searches manually on the Department of Defense's Web site.
Notable is that in 2011 Quandis officially released its military search service as a standalone application for use by servicers and foreclosure attorneys. Quandis then took the solution a step further by integrating it with one of the industry's leading CMSs. Now, Quandis has developed an Excel plug-in to provide clients with as many options as possible to take advantage of its military search service and adhere to the SCRA.
Failure to comply with the Servicemembers Civil Relief Act sets the stage for steep fines, lawsuits and the potential to rescind foreclosure transactions.
About Quandis:
Founded in 2003 and headquartered in Foothill Ranch, California, Quandis is a default management software provider specializing in Web-based solutions for the lending industry. Quandis' solutions include foreclosure process automation, short sale portals, skip tracing systems, a valuations hub, military search services, bankruptcy status searches, collection solutions, as well custom application development. The company's clients range from lenders to banks, servicers, foreclosure attorneys, outsourced service providers, and agents and brokers. For more information, please visit http://www.quandis.com/ or call (949) 525-9000.
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