For 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

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

Enhancement 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.

RANCHO SANTA MARGARITA, Calif., Aug. 24, 2017 (SEND2PRESS NEWSWIRE) — Quandis, Inc., a leading default management mortgage technology provider, announced that Scott Stoddard, the company’s chief executive officer, has been named to National Mortgage Professional (NMP) magazine’s 2017 “Top 50 Most Connected Mortgage Professionals” list.

NMP cites that individuals who earn a spot on the list as being very successful, well-connected, recognized, and powerful networkers and influencers in the mortgage industry. They are esteemed by their peers as authorities in their respective areas of focus who consistently serve as trusted sources of information, guidance and leadership.

Mr. Stoddard is a renowned figure in the mortgage industry, specifically in enterprise-level servicing technology. His expertise in providing technology solutions to the mortgage banking industry spans more than 25 years. He was the co-founder of LenStar, where in 1995 he completed the successful sell of the company to London Bridge, and then served as group executive to complete a smooth transition of ownership. Now owned by ISGN, LenStar is still a widely used network that that enables servicers and default attorneys to efficiently communicate, exchange data and streamline workflows.

In 2003, he co-founded Quandis and has since grown the company into one of the leading default management software firms in the mortgage industry. Other positions previously held by Mr. Stoddard include chief technology officer for The LOGS Group, vice president of systems for Mortgage Default Servicing, and five years of experience in the aerospace industry working with NASA, Rockwell International and Hughes Aircraft.

Mr. Stoddard has a long-standing reputation for being an innovator in mortgage servicing technology. He led Quandis in making significant advances in 2017 with its enterprise-class, modular-based default management platform, launching several new products and services that were quickly adopted by new clients. As a result of his leadership, Quandis continues to enjoy a solid footprint in the servicing side of SaaS and Cloud-based mortgage servicing software.

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) 525-9000.

MEDIA CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

RANCHO SANTA MARGARITA, Calif., April 11, 2017 — Quandis, Inc., a leading default management mortgage technology provider, announced that it has been named a top 100 mortgage technology provider by HousingWire for 2017.  The annual HW TECH100™ list honors the most innovative and progressive technology firms in the U.S. housing economy.

“The companies that make up the 2017 HW TECH100™ are the cream of the crop of the entire housing industry, from real estate to mortgage lending, servicing, and investment,” said HousingWire Senior Financial Reporter Ben Lane. “These companies aren’t just taking part in the housing industry’s technological revolution; they’re leading it.”

Quandis accomplished a number of different software advances that were instrumental in it earning a spot on the list. The company launched Quandis Court Connect (QCC), a sophisticated data service that effectively automates the much needed monitoring of state courts for business-critical case activity.  In addition, Quandis developed a new solution to help organizations comply with new changes to the Military Lending Act (MLA).

Further, the company also made advances with its core workflow product, Quandis Business Objects (QBO), which is a highly configurable business rules and business process-driven solution. QBO arms organizations with industry-leading workflow technology that contains an integrated suite of web services for effectively managing enterprise-wide operations.

QBO is used by companies ranging from large-scale to small and mid-tier organizations. Users on the business side can easily author, configure and implement a myriad of different rules that automate numerous complex processes and workflows — without the costly and time consuming assistance of IT.

“We are pleased to be lauded by HousingWire as an industry-leading vendor that is laser-focused on making the default servicing space in the mortgage industry more efficient,” said Scott Stoddard, CEO of Quandis. “The enterprise-class solutions that we develop have and continue to solve so many different pain points for organizations. Our entire company is honored to be named to HousingWire’s prestigious TECH100™ list.”

“The companies in the 2017 HW Tech100 cover the entire mortgage finance spectrum. There’s hardly a corner of our industry that hasn’t been transformed in some way, either by fintech startups focusing on a specific software need or legacy companies evolving to compete in the new environment,” said HousingWire Magazine Editor Sarah Wheeler. “Now more than ever, these companies are delivering the innovation this industry needs to do its most important job: supporting the American Dream.”

Quandis’ solutions are utilized by servicers, to foreclosure attorneys, lenders, banks, GSEs outsourced service providers and agents and brokers, and other third party vendors.

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