Press

Latest Press Releases and Company News

Newbold and Cloud-Claims Partnership Launch LoanCare

01/22/2018

Denver, CO – Newbold Advisors, LLC launches LoanCare via their partnership with Cloud-Claims. LoanCare will work with Newbold and utilize Cloud-Claims to for claims management.

Newbold Advisors is a nationwide management consulting and professional services company that serves the institutional clients in the private and public sectors. Our goal is to provide value to our clients by offering advisory and delivery services based on decades of experience.

At Newbold Advisors, our consultants focus on providing customized solutions for our clients. From strategic planning, operations, business intelligence, and accounting services, to asset valuation and regulatory compliance, our consultants understand what works for our clients.

Headquartered in Clearwater, Florida, Newbold has an operations center in Fort Worth, Texas, which allows us to deliver fully-staffed on-shore operations solutions to customers anywhere.

www.newboldadvisors.com

LoanCare, a ServiceLink company, is a leading national provider of full-service residential servicing to the mortgage industry. LoanCare, headquartered in Virginia Beach, Virginia, is currently one of the largest subservicers in the industry. LoanCare delivers personalized service and advanced technology to lenders, servicers and investors who own assets or servicing rights in any stage of the loan servicing cycle. LoanCare has been offering its expertise and best practices in providing servicing solutions for others since 1991.

www.LoanCareServicing.com

VAT-MS launches VA Claim Management

09/01/2017

Denver, CO –VAT-MS launches Valerie (VA) claims management through Cloud-Claims with Penny Mac.

As a top national mortgage lender, PennyMac is committed to providing its customers with a range of innovative solutions to help them purchase, refinance or simply remain in their homes.

PennyMac Financial Services Is a Leading Mortgage Specialist:

• Operating subsidiaries founded in 2008; publicly traded (NYSE: PFSI) since 2013

• Specialized mortgage platform with more than 2,900 employees

• Track record of successful growth in business volumes and profitability

• Commitment to strong corporate governance and compliance culture

• Investment partnership with PennyMac Mortgage Investment Trust (NYSE: PMT)

www.pennymacusa.com

Newbold Advisors, LLC Signs Exclusive Outsourcing Agreement with Cloud-Claims

07/07/2017

Denver, CO – Newbold Advisors, LLC, signs an Exclusive Outsourcing agreement with Cloud-Claims.

Newbold Advisors is a nationwide management consulting and professional services company that serves the institutional clients in the private and public sectors. Our goal is to provide value to our clients by offering advisory and delivery services based on decades of experience.

At Newbold Advisors, our consultants focus on providing customized solutions for our clients. From strategic planning, operations, business intelligence, and accounting services, to asset valuation and regulatory compliance, our consultants understand what works for our clients.

Headquartered in Clearwater, Florida, Newbold has an operations center in Fort Worth, Texas, which allows us to deliver fully-staffed on-shore operations solutions to customers anywhere.

Newbold’s partnership with Cloud Claims will allow them to offer a full service outsourcing of all mortgage insurers and guarantors default claims processing.  The use of Cloud claims provides a fully transparent review and oversite of the process for Newbold’s Clients.   

www.newboldadvisors.com

Penny Mac Adds USDA to Cloud-Claims Partnership

06/22/2017

Denver, CO – Penny Mac, signs an agreement with Cloud-Claims for claims management for USDA loans.  As a top national mortgage lender, PennyMac is committed to providing its customers with a range of innovative solutions to help them purchase, refinance or simply remain in their homes.

PennyMac Financial Services Is a Leading Mortgage Specialist:

• Operating subsidiaries founded in 2008; publicly traded (NYSE: PFSI) since 2013

• Specialized mortgage platform with more than 2,900 employees

• Track record of successful growth in business volumes and profitability

• Commitment to strong corporate governance and compliance culture

• Investment partnership with PennyMac Mortgage Investment Trust (NYSE: PMT)

www.pennymacusa.com

Penny Mac Signs Agreement with Cloud-Claims

10/23/2015

Denver, CO – Penny Mac, one of the top 3 national lenders signs an agreement with Cloud-Claims for claims management for FHA, VA and Conventional loans.  As a top national mortgage lender, PennyMac is committed to providing its customers with a range of innovative solutions to help them purchase, refinance or simply remain in their homes.

PennyMac Financial Services Is a Leading Mortgage Specialist:

• Operating subsidiaries founded in 2008; publicly traded (NYSE: PFSI) since 2013

• Specialized mortgage platform with more than 2,900 employees

• Track record of successful growth in business volumes and profitability

• Commitment to strong corporate governance and compliance culture

• Investment partnership with PennyMac Mortgage Investment Trust (NYSE: PMT)

www.pennymacusa.com

Cloud-Claims Electronic Signature

06/10/2014

Denver, CO - VAT Mortgage Services to pleased to announce claim's electronic signature.  This new feature allows users to have a Servicer Representative with ability to electronically sign claim forms based upon their user privileges.

Cloud-Claims Becomes Platform Independent

06/01/2014

Denver, CO - In addition to Cloud-Claims running in the Windows environment, it now runs in an Unix environment; making Cloud-Claims scalable as well as portable at the application tier.

Cloud-Claims Integrates FastPadlr Into Product Solution

02/01/2014

Denver, CO - Cloud-Claims adds FastPadlr (Fast Parallel Application Data Loader) into the product solution.  FastPadlr is a web based application designed to break up large data loads and process them simultaneously.  FastPadlr is capabile of loading in multiple database schemas and segregate user classes.  FastPadlr takes advantage of multiprocessing architecture by splitting up the processing power; much like load balancer.

Cloud-Claims Mobile Device Enabled

04/20/2013

Denver, CO - VAT Mortgage Services announces the Cloud-Claims extenstion enabling the service to run in a device enabled architecture; moving Cloud-Claims into a low cost client running computing environment.

Cloud-Claims Dashboard Integration

02/01/2013

Denver, CO - Cloud-Claims integrates new executive management dashboard feature. This new enhancement allows supervisor users with summary analytic statistical data.

 

WRF(X) Used for Vendor Proposals with Specialized Loan Servicing

06/01/2004

Denver, CO - Specialized Loan Servicing utilizes WRF(X) to create vendor proposals.

Virtual Peer Review is chosen by the The United States Department of Agriculture (USDA)

05/01/2003

Denver, CO - The United States Department of Agriculture (USDA) deploys VPR web service in the effort to perform on-line reviewing and rating of funding for Grant Applications.

Products

Cloud-Claims

Mortgage Claims are filed to recover the costs associated with the default and foreclosure processes for nonperforming mortgages. Claims must be filed within specific time constraints or the Servicer faces penalties or denial of the Claim. Incorrect or missing information on a claim form can also result in the assessment of penalties or curtailments of interest due on expenses and loan principle balances.

Cloud-Claims leverages the information in the host servicing system to insure that the claim is complete and filed within the specified timeframe. Accurate and timely filings reduces the potential for penalties and curtailments, and Cloud-Claims' comprehensive checks for required information and regulatory requirements can identify missing and inaccurate information, allowing for needed adjustments prior to Claim filing deadlines.

Product Details

WRF(X)

Wizard Request for "X" is a Web application for generating an electronic delivery of RFP, RFQ, RFI and any other type of request. Many companies have attempted to automate the proposal bidding process but can only manage to generate static entry and documents to assists in the RFP process. This process is cumbersome with long timelines for distribution to award.

WRF(X) is a new approach to an age-old problem. Using a device enabled browser, a customer can dynamically build their request, rate the response, electronically compare the bidders and formulate a contract. The entire process is stored electronically; therefore historical requirements for validating the bidding process are tracked and maintained.

Product Details

Virtual Peer Review

VPR is a web-based procurement evaluation tool that allows proposals to be evaluated on predetermined criteria. Users have achieved the following benefits: Significant savings from elimination of bulk mailings and manual processes. Reduction of processing time by 35%. Reduction of evaluation time by an average of 45 days. Reduction of administrative and logistical costs.

Dramatic improvement in the quality of evaluations. Real-time progress monitoring and interactive status and reporting. VPR provides clients with On-line Scoring and Evaluation Preparing detailed Evaluation Reports.

Product Details

Virtual Survey Solution

VSS enables mortgage servicers with a tool to survey both their servicing vendors and customers with an dynamic electronic way of soliciting, gathering, organizing and analyzing questionnaire data.

VSS provides servicers with the control to build technical surveys without additional personnel or complex and expensive software.

Product Details

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