RANCHO SANTA MARGARITA, Calif., May 2, 2018 — Quandis, Inc., a leading default management mortgage technology provider, announced that HousingWire again designated the company to its annual HW TECH100™ list for 2018. Quandis has earned a spot on the annual list multiple times for its innovative default servicing mortgage software solutions.
“Companies in the 2018 Tech100 represent the leading-edge of solutions and services that will propel mortgage companies toward success,” commented HousingWire Magazine Editor Sarah Wheeler.
At the core of Quandis’ software suite is QBO (Quandis Business Objects), which is a robust, highly flexible, configurable and scalable platform that is comprised of a sophisticated business rules engine coupled with a powerful business process management (BPM) system.
QBO’s far-reaching capabilities are proven to automate an array of organizational operations across the entire enterprise such as complex workflows, tasks, policies, procedures, compliance, documents, accounting, scoring, communications, easy connectivity to legacy applications, and much more. QBO is leveraged and easily configured by “power users” that are business people, not by developers that require costly and time consuming software coding.
Notable is that in 2017, Quandis successfully developed and launched QCC (Quandis Court Connect), an advanced data service that fully automates the monitoring of state courts for desired case activity and immediately notifies users when any relevant activity occurs. The solution integrates tightly with attorney case management systems (CMS) such as KMCIS’ CaseAware® platform. QCC utilizes the power of Quandis’ core platform, QBO.
HousingWire Online Editor Caroline Basile stated: “These companies provide innovative solutions and are moving the housing finance industry forward as technology rapidly changes how the landscape operates. Of the 100 companies HousingWire recognized, 55 are new to the list this year, more than half of the companies recognized.”
Since starting the Tech 100 awards in 2014, HousingWire has been identifying the most innovative technology companies in the U.S. housing economy, spanning real estate, mortgage lending, mortgage servicing and investments.
About Quandis:
Founded in 2003 and headquartered in Rancho Santa Margarita, California, Quandis is a leading default management software provider specializing in web-based solutions for the mortgage industry. Quandis’ solutions include foreclosure process automation, short sale portals, skip tracing systems, a valuations hub, military search services, bankruptcy status searches, collection solutions, vendor solutions, as well custom application development. The company’s clients range from servicers, to foreclosure attorneys, lenders, banks, GSEs outsourced service providers, and agents and brokers. For more information, please visit www.quandis.com or call (949) 525-9000.
About HousingWire:
HousingWire is the nation’s most influential industry news source covering the U.S. housing economy, spanning residential mortgage lending, servicing, investments, and real estate operations. The company’s news, commentary, magazine content, industry directories, and events give more than one million industry professionals each year the insight they need to make better, more informed business decisions. Winner of numerous awards, including a 2012 Eddie Award for national editorial excellence in the B2B Banking/Business/Finance category, HousingWire has been recognized for excellence in journalism by the Society of Business Editors and Writers, the American Society of Business Press Editors, the National Association of Real Estate Editors, and Trade Association Business Publications International. Learn more at www.housingwire.com.
Media Contact:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com
Apache Path Normalization Vulnerability: Quandis Not Affected
/in Uncategorized /by epatrickQuandis is not impacted by the Apache path normalization vulnerability flagged by CVE-2021-41773 and CVE-2021-42013. Quandis does not use Apache servers.
Kaseya VSA Software Vulnerability: Quandis Not Affected
/in Uncategorized /by epatrickQuandis does not use Kaseya VSA Software, and as such, we are not affected by the recent ransomware attacks.
Please forward any detailed questions to compliance@quandis.com.
Pulse Secure Connect Vulnerability: Quandis not Affected
/in Uncategorized /by epatrickQuandis does not use Pulse Secure Connect, and is not directly affected by the recently announced vulnerability. No third party data source that Quandis uses is known to use it either. However, the Department of Defense is still evaluating the impact of this vulnerability, so we do not yet have positive confirmation that DMDC (used by QMS) is unaffected.
Please forward any detailed questions to compliance@quandis.com.
SolarWinds Orion breach: Quandis not affected
/in Uncategorized /by epatrickQuandis does not use the SolarWinds Orion software platform, and is thus not affected by this breach. We have also verified that our monitoring partners are also not affected by this breach.
Please forward any detailed questions to compliance@quandis.com.
Amid COVID-19 Challenges, Quandis Proactively Works with Organizations to Assist U.S. Servicemembers Potentially Facing Default Proceedings
/in Uncategorized /by wcoulterFor the next 60 days, Quandis extends its military search service gratis to new clients for SCRA and MLA compliance
RANCHO SANTA MARGARITA, Calif., April 15, 2020 — Quandis, Inc., a leading default management fintech provider, announced that for the next 60 days it will be making its Military Search Service for compliance adherence to the Servicemembers Civil Relief Act (SCRA) and the Military Lending Act (MLA) free to any organization that has not previously used the solution. The bold move is a concerted effort to help creditors ensure their loss mitigation efforts are cognizant of our U.S. active duty servicemembers.
Quandis Military Search (QMS) is a robust data service that provides comprehensive, highly accurate and granular verifications to identify active duty military status for individuals with the U.S. Department of Defense (DoD) to adhere to both the SCRA for home loans as well as the MLA for additional consumer-based loans. It automatically searches the DoD’s database using all possible name variations and aliases which reduces the risk of missing a borrower that has active duty status. Quandis provides an official military status report and certificate from the DoD on searches run through its automated system.
The problem is that many organizations are still trying to identify military status by using a precarious manual process whereby they have an actual person visit the DoD’s website and perform individual searches, which is prone to human errors and missed names. What’s more, some companies are so busy dealing with the sudden onslaught of COVID-19 challenges on multiple business and social levels that they aren’t able to devote the time and attention needed to validate military status with the DoD.
“As the country navigates through these uncharted times, we should not lose sight of supporting our active military friends and partners,” stated John Beggins, President of Quandis. “There are a lot of moving parts right now and as a company, Quandis wants to help organizations accurately and efficiently identify active military personnel to alleviate the risk of starting default proceedings. Offering QMS for free to entities that haven’t used us is simply our way of giving back over the next couple of months.”
Of note is that QMS is a completely browser-based solution, thus making it easy for employees to access within a work from home environment and doesn’t involve any installs or maintenance whatsoever. All that staff members need to utilize QMS is a standard web browser. With so many employees now working with stay-at-home orders due to COVID-19, Quandis clients have been reporting that use of QMS was a seamless, easy, quick transition for them.
For years, QMS has been successfully utilized by entities such as servicers, banks, credit card processors, auto lenders, collection agencies, lenders, foreclosure attorneys, trustees and other outsourced providers to constantly monitor and effectively identify thousands of loans taken out by U.S. servicemembers, many of which have active duty status and are thus protected by the SCRA and MLA. QMS automates bulk as well as individual searches and can be used as a standalone solution or as integrated with servicing platforms, attorney case management systems, and other third party applications.
To learn more about the free offer to leverage Quandis Military Search, contact the company at 949-525-9000, email info@quandis.com, or visit the company’s website at www.quandis.com.
About Quandis:
Founded in 2003 and headquartered in Rancho Santa Margarita, California, Quandis is a leading default management software provider specializing in web-based solutions for the mortgage industry. Quandis’ solutions include foreclosure process automation, short sale portals, skip tracing systems, a valuations hub, military search services, bankruptcy status searches, collection solutions, vendor solutions, as well custom application development. The company’s clients range from servicers, to foreclosure attorneys, lenders, banks, GSEs outsourced service providers, and agents and brokers. For more information, please visit https://www.quandis.com/ or call (949) 525-9000.
Media Contact:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com
Quandis Adds Automated Monitoring Feature to its Military Search Service for SCRA Compliance
/0 Comments/in Uncategorized /by wcoulterNew functionality enables customized, comprehensive real-time searches of the Department of Defense database that accompanies robust reporting
RANCHO SANTA MARGARITA, Calif., Feb. 20, 2019 — Quandis, Inc., a leading default management mortgage technology provider, announced that it incorporated functionality into its Military Search service that empowers clients with the ability to easily customize real-time monitoring data analysis that is more explicit and inclusive in nature, returning the most granular searches in the industry for active military personnel along with detailed reporting.
Quandis Military Search (QMS) is an all-in-one solution that verifies up-to-the-second information on active duty military status to help organizations comply with the Servicemembers Civil Relief Act (SCRA) of 2003, which has stringent rules and processes that must be followed before starting mortgage foreclosure proceedings on borrowers that hold active duty status in the United States military. Stiff fines, penalties and lawsuits can result from active military personnel that are improperly pursued in the default process.
The new functionality works by providing organizations with the ability to define “monitoring cycles” for their data, which automatically runs SCRA searches using both client defined criteria and schedules. The continual search cycles allow for comparison of key SCRA data points over time thus identifying any changes in SCRA eligibility. The expanded functionality reports on specific data points as defined by unique client needs.
“Our development of QMS monitoring takes SCRA compliance adherence a step further by putting users in full control of their data and preferences as to how, when and to what degree of finality they would like to execute searches,” explained Greg Kent, vice president of data services at Quandis. “Our clients no longer require IT resources to compare and detect SCRA status changes.”
QMS delivers a highly accurate, cost effective, easy method for combing the Department of Defense (DoD) database to identify all possible name variations and aliases, complete with name permutations to reduce the risk of missing a borrower that has active duty status. An official military status report and certificate is returned from the DoD within 24 hours demonstrating proof of compliance.
QMS automates bulk as well as individual searches and can be used as a standalone solution or as integrated with leading attorney case management systems (CMS), servicing platforms and legacy applications to return and populate search certificates along with relevant data. The solution is being successfully leveraged by foreclosure attorneys, servicers, lenders, banks and third party outsourcing providers.
Quandis is a HousingWire Tech 100 company, has been named a Top 50 Service Provider by Mortgage Technology magazine multiple years in a row, and QMS also received a mortgage technology product-based award commendation from SourceMedia.
About Quandis:
Founded in 2003 and headquartered in Rancho Santa Margarita, California, Quandis is a leading default management software provider specializing in web-based solutions for the mortgage industry. Quandis’ solutions include foreclosure process automation, short sale portals, skip tracing systems, a valuations hub, military search services, bankruptcy status searches, collection solutions, vendor solutions, as well custom application development. The company’s clients range from servicers, to foreclosure attorneys, lenders, banks, GSEs outsourced service providers, and agents and brokers. For more information, please visit https://www.quandis.com/ or call (949) 525-9000.
Media Contact:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com
Quandis Again Honored by HousingWire as a Top 100 Most Innovative Technology Company on the 2018 HW TECH100™ List
/0 Comments/in Uncategorized /by wcoulterRANCHO SANTA MARGARITA, Calif., May 2, 2018 — Quandis, Inc., a leading default management mortgage technology provider, announced that HousingWire again designated the company to its annual HW TECH100™ list for 2018. Quandis has earned a spot on the annual list multiple times for its innovative default servicing mortgage software solutions.
“Companies in the 2018 Tech100 represent the leading-edge of solutions and services that will propel mortgage companies toward success,” commented HousingWire Magazine Editor Sarah Wheeler.
At the core of Quandis’ software suite is QBO (Quandis Business Objects), which is a robust, highly flexible, configurable and scalable platform that is comprised of a sophisticated business rules engine coupled with a powerful business process management (BPM) system.
QBO’s far-reaching capabilities are proven to automate an array of organizational operations across the entire enterprise such as complex workflows, tasks, policies, procedures, compliance, documents, accounting, scoring, communications, easy connectivity to legacy applications, and much more. QBO is leveraged and easily configured by “power users” that are business people, not by developers that require costly and time consuming software coding.
Notable is that in 2017, Quandis successfully developed and launched QCC (Quandis Court Connect), an advanced data service that fully automates the monitoring of state courts for desired case activity and immediately notifies users when any relevant activity occurs. The solution integrates tightly with attorney case management systems (CMS) such as KMCIS’ CaseAware® platform. QCC utilizes the power of Quandis’ core platform, QBO.
HousingWire Online Editor Caroline Basile stated: “These companies provide innovative solutions and are moving the housing finance industry forward as technology rapidly changes how the landscape operates. Of the 100 companies HousingWire recognized, 55 are new to the list this year, more than half of the companies recognized.”
Since starting the Tech 100 awards in 2014, HousingWire has been identifying the most innovative technology companies in the U.S. housing economy, spanning real estate, mortgage lending, mortgage servicing and investments.
About Quandis:
Founded in 2003 and headquartered in Rancho Santa Margarita, California, Quandis is a leading default management software provider specializing in web-based solutions for the mortgage industry. Quandis’ solutions include foreclosure process automation, short sale portals, skip tracing systems, a valuations hub, military search services, bankruptcy status searches, collection solutions, vendor solutions, as well custom application development. The company’s clients range from servicers, to foreclosure attorneys, lenders, banks, GSEs outsourced service providers, and agents and brokers. For more information, please visit www.quandis.com or call (949) 525-9000.
About HousingWire:
HousingWire is the nation’s most influential industry news source covering the U.S. housing economy, spanning residential mortgage lending, servicing, investments, and real estate operations. The company’s news, commentary, magazine content, industry directories, and events give more than one million industry professionals each year the insight they need to make better, more informed business decisions. Winner of numerous awards, including a 2012 Eddie Award for national editorial excellence in the B2B Banking/Business/Finance category, HousingWire has been recognized for excellence in journalism by the Society of Business Editors and Writers, the American Society of Business Press Editors, the National Association of Real Estate Editors, and Trade Association Business Publications International. Learn more at www.housingwire.com.
Media Contact:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com
National Mortgage Professional Magazine Designates Quandis a 2018 Top Mortgage Employer
/0 Comments/in Uncategorized /by wcoulterRANCHO SANTA MARGARITA, Calif., March 27, 2018 – Quandis, Inc., a leading default management mortgage technology provider, announced that it was named to National Mortgage Professional magazine’s (NMP) Top Mortgage Employers list for 2018. Quandis was one of only ten companies to be included in the publication’s ‘Services Providers’ award category.
NMP arrived at the winners by polling its readers about their employers based on the following criteria: corporate culture; compensation; day-to-day management; internal communications; marketing; training; resources; long-term strategy; ingenuity; speed; technology; reputation; and industry participation.
“We are honored to be recognized as a top mortgage employer by National Mortgage Professional magazine,” said Scott Stoddard, CEO at Quandis. “Our incredibly dedicated and talented staff is the backbone of our ongoing company success. Being acknowledged by NMP with this award is the direct result of and a testament to the hard work and determination of Quandis employees.”
NMP magazine is one of the mortgage industry’s leading go-to sources for extensive news coverage for mortgages, origination, compliance, secondary marketing, servicing, settlement, technology, trending, and more.
About Quandis:
Founded in 2003 and headquartered in Rancho Santa Margarita, California, Quandis is a leading default management software provider specializing in web-based solutions for the mortgage industry. Quandis’ solutions include foreclosure process automation, short sale portals, skip tracing systems, a valuations hub, military search services, bankruptcy status searches, collection solutions, vendor solutions, as well custom application development. The company’s clients range from servicers, to foreclosure attorneys, lenders, banks, GSEs outsourced service providers, and agents and brokers. For more information, please visit www.quandis.com or call (949) 525-9000.
MEDIA CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com
Quandis Adds New Imaging Functionality to its Military Search Service for SCRA Compliance
/0 Comments/in Uncategorized /by wcoulterEnhancement delivers internal procedure efficiencies and significantly reduces costs for SCRA compliance
RANCHO SANTA MARGARITA, Calif., Oct. 3, 2017 (SEND2PRESS NEWSWIRE) — Quandis, Inc., a leading default management mortgage technology provider, announced that it has added new functionality that allows servicers and default attorneys to more easily manage images of official certificates from the Department of Defense (DoD) to demonstrate proof of compliance for adherence to the Servicemembers Civil Relief Act (SCRA).
The SCRA requires that organizations take various measures before beginning default and foreclosure proceedings on active duty military personnel. Non-compliance with the SCRA can result in steep fines, lawsuits and the potential to rescind foreclosures.
Quandis’ Military Search Service streamlines searches on delinquent loans by automatically combing the DoD’s database to identify borrowers that have active duty status, who are protected under the SCRA. The searches are very thorough, complete with name permutations, which catches slight variations of different names. Searches return a detailed, documented certificate from the DoD demonstrating proof of compliance.
Quandis has now added imaging functionality to meet all internal and external compliance requirements. The new functionality delivers a number of newfound efficiencies.
“One of the ongoing problems that organizations are faced with when it comes to SCRA compliance is not only verifying that a delinquent borrower is on active duty, but also in how they process, organize, or redact certificates provided from the DoD,” stated Greg Kent, vice president of data services at Quandis. “By adding imaging capability, clients now have the flexibility to take DoD certificates, centralize them, and store them internally for future reference and proof of compliance. This saves huge amounts of time spent by FTEs to manually perform the same task.”
The typical process for default servicing entities starts with collecting a superset of all DoD SCRA certificates. Multiple copies are then created and adjusted for the content within them to be compliant. Law firms have to prove to servicers and courts that they interface with all SCRA information and documentation, and they all have their own internal requirements and procedures on how to handle SCRA certificates.
This manual process becomes hard to manage, significantly increases the element of human error, is laborious, time consuming and heightens the risk of non-compliance. Quandis’ new imaging functionality remedies this and provides detailed, well-organized proof of SCRA compliance in the event of an audit.
“Quandis’ SCRA image packages has allowed us to ensure compliance with searches for active military personnel across the board for all of our cases,” stated Matt Barr, director of information technology at BWW Law Group, LLC. “The simplification of the overall process gives us more time to focus resources in other areas, which produces a significant ROI for us.”
The Quandis Military Search Service for SCRA compliance can be used as a standalone solution or as integrated with leading law firm case management systems (CMS) and servicing platforms.
Quandis’ Military Search technology also addresses compliance for the Military Lending Act (MLA) rule. The MLA helps protect U.S. servicemembers in other areas of consumer lending outside of mortgage such as payday loans, vehicle title loans, refund anticipation loans, deposit advance loans, installment loans and credit cards. Under the MLA, servicemembers have additional protections that must be complied with. Quandis expanded its footprint into protection of servicemembers involving high-cost loans and predatory lending when new changes were implemented to the MLA in 2015 and again in 2016.
About Quandis:
Founded in 2003 and headquartered in Rancho Santa Margarita, California, Quandis is a leading default management software provider specializing in web-based solutions for the mortgage industry. Quandis’ solutions include foreclosure process automation, short sale portals, skip tracing systems, a valuations hub, military search services, bankruptcy status searches, collection solutions, vendor solutions, as well custom application development. The company’s clients range from servicers, to foreclosure attorneys, lenders, banks, GSEs outsourced service providers, and agents and brokers.
For more information, please visit http://www.quandis.com/ or call (949) 525-9005.
2017 HW Vanguard: Scott Stoddard
/0 Comments/in Uncategorized /by wcoulterAs chief executive officer and co-founder of Quandis, Scott Stoddard’s expertise in providing innovative default servicing technology solutions to the mortgage banking industry spans more than 25 years. Since founding Quandis in 2003, his leadership and management style has fostered entrepreneurial minded, out-of-the-box thinking and has resulted in a very low attrition rate with staff.
The enhancements Stoddard drove proved to deliver many internal procedure efficiencies for law firms, significantly reduced costs for SCRA compliance adherence, and identify borrowers that have active duty status.
In 2017, Quandis also officially rolled out Quandis Court Connect, a sophisticated data service that completely automates much needed monitoring of state courts for desired case activity to satisfy compliance and adhere to internal procedures. Often, users at law firms manually visit court websites on a one-by-one basis in order to locate cases of interest, which is onerous, labor intensive, and is prone to errors and missed cases.
Shortly after the launch of QCC, Stoddard formed a partnership with CaseAware, which is a leading case management system that is widely utilized by default law firms. With the integration, users can easily initiate court case searches across the country directly from within the CaseAware CMS.
What has been your secret to success?
“As an entrepreneur, I see many business opportunities. In order to capture them, be strategic, but moreover just go for it.”