The Servicing Trailblazer Award acknowledges a servicer or vendor initiative, product or platform that uses technology to optimize mortgage portfolio management and ensures efficient communication.
ShortSave won against several more established companies because it upends the traditional non-performing loan servicing market. The company's unique and patent-pending software uses data the lender already has to make near-instant decisions about whether a distressed borrower is eligible for a short sale, loan modification or deed in lieu offer.
"We're thrilled about receiving this prestigious award and the national recognition that it creates," says Karl Falk, ShortSave, Inc. co-founder and CEO. "We built ShortSave to allow the borrower to communicate and collaborate with their lender - so everyone wins."
ShortSave eliminates weeks of worry and indecision, and has the potential to help millions of homeowners - and lenders, who are just as motivated to get non-performing loans off their books as borrowers are to resolve their mortgage troubles.
"With new CFPB guidelines for pre-foreclosure workouts, the old way of doing business will eventually become ancient history," Falk said. "This award is a testament to the lenders and funds that believed that ShortSave is honestly a better way to do business."
Since 2000, the Mortgage Technology Awards have been honoring industry innovators. Awards are given in 12 categories. Members of the National Mortgage News and Mortgage Technology editorial staff select winners for each category. Winners are featured in the Fall 2014 issue of Mortgage Technology available online at http://www.nationalmortgagenews.com/mortgage-technology/magazine.html .
About ShortSave, Inc.:
Faster borrower engagement and closings that are months quicker save a non-performing note holders and servicers thousands in lost interest, fees and overhead. Inman Real Estate Connect NY 2014 featured ShortSave Inc. as a New Kid On the Block and recognized the firm as one of "8 Startups that are Changing the Real Estate Game." Visit http://www.short-save.com/ for more information.
NEWS SOURCE: ShortSave, Inc. :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by Send2Press® Newswire, a service of Neotrope®.