LinkedIn Recap: Sagent’s Dara: Advancing Mortgage Loss Mitigation – HousingWire Feature

Here at Sagent, we understand that unexpected financial hardships are an unfortunate but not uncommon challenge facing many of the homeowners our customers serve.?To help overcome these obstacles,?we developed Dara Loss Mitigation, a solution that modernizes how homeowners and mortgage?servicers?address these challenges. Recently, HousingWire shared their product guides, highlighting how Dara Loss Mitigation simplifies and streamlines these specific hardships.??

Modernizing the Hardship Journey??

While applying for mortgage assistance is historically a long and antiquated process, Dara makes it easy with its mobile-first capability that allows homeowners to access and submit assistance applications anytime and from anywhere. The platform’s intelligent design, which incorporates real-time tracking functions, makes it simple and easy to use when completing the application, reducing time spent and increasing transparency for all users.?

For servicers, increased transparency translates to smoother operations (a serious dream come true). Servicers can dedicate more resources to problem-solving and relationship-building helping to better provide personalized assistance efficiently and at scale.??

Mutual Benefits for Homeowners and Servicers?

Dara Loss Mitigation not only offers clear advantages for homeowners, but also significant benefits for servicers.?

1. Seamless Integration: Dara integrates with existing servicing systems, facilitating rapid decision-making and reducing resolution timelines from days to hours.?
2. AI-Enhanced?Document Review: Combined with?Dara AI, this tool?automates the document review processes, enabling quick identification of issues and exceptions.?
3. Cost Reduction: Dara has demonstrated the potential to reduce loss mitigation-related costs per loan by 60-70%, representing a substantial increase in operational efficiency.?

Preparing for the Future of Mortgage Servicing??

As the mortgage industry heads into uncharted territory, particularly in light of potential increases in delinquency rates and market volatility, solutions like Dara Loss Mitigation become increasingly vital.?Keep reading to learn more.?