Even though the housing crisis is over and the markets have recovered, there is still a need for solid loss mitigation and default servicing solutions that standardize the delivery of modified financial products and services. Clarifire has over a decade of experience providing end to end servicing solutions to large financial institutions, who use our CLARIFIRE® workflow automation platform to simplify the operational and regulatory complexities that impact the mortgage industry.
CLARIFIRE provides default servicing solutions that streamline both retention and liquidation processes for servicers. Our workout
underwriting feature, CLARIFIRE CALCULATOR®, is bundled with workflow, and solves for a specialized need to serve
borrowers with options.
The same CLARIFIRE workflow platform that connects your servicing organization end to end, provides cohesive and comprehensive default management processes that increase the quality of your 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 and the latest GSE forbearances.
While loss mitigation processes have been greatly standardized over the last decade, further evolution continues, as evidenced by
recent GSE forbearance plan changes, and new investor disaster loan modification. Additional disaster relief options include a mandatory
90-day foreclosure moratorium, forbearance, permanent loan modifications, service incentives, fee waivers, and more.
CLARIFIRE workflow minimizes the costs that loss mitigation variations bring by automating all disaster workout waterfalls and offerings along with launching the requisite workflows to control and govern the timing of activities per the regulations.
Download our "CLARIFIRE Workflow: Take the Chaos Out of Servicing" eBook!
Add flexibility and built-in rules for all investors to your loss mitigation processes — including disaster modifications.
Download our Loss Mitigation Frequently Asked Questions Document.
Learn more about FHA disaster servicing standards in this recent blog ...
Learn more about VA disaster servicing requirements in this recent blog ...
Read about latest USDA requirements and expanded borrower disaster relief in this recent blog ...