|/ Rekon Press Releases /
Rekon Technologies Adds Supplemental Documents to Rekon Software
Pasadena, California – Feb 26, 2010 –Rekon Technologies, a leading software vendor in the mortgage loan servicing industry, today announced the addition of new documents to their flagship software product, Rekon. These new documents supplement the existing lien release preparation and recording processes.
With these new documents, servicers will now be able to expand their workflow to manage and respond to the unique situations in the day-to-day management of lien release creation and recording. Some of the areas in which these documents can be used are the release of short sales, partially releasing portions of a property from a loan and clearing the title of a property that has been clouded by incomplete assignments on the chain.
“Rekon software is the dominant lien release and reconveyance preparation software for loan servicers in the industry, currently being used by over 80% of top residential loan servicers,” says Aurora Marsh, chief executive officer of Rekon Technologies, “With the current increase of short sales, lenders need the ability to release these loans rapidly. This provides our clients the ability to manage these scenarios all on a one-stop solution.”
Rekon Technologies offers software technology solutions to the loan servicing industry, providing tools to track, manage, prepare and record loan documents such as lien releases, assignments, UCC terminations, trailing documents and others. Rekon Technologies’ flagship product and namesake “Rekon” is a fully automated workflow driven document preparation and management system, integrated with imaging and eRecording solutions to process loans from payoff to recording in a truly automated and paperless environment from anywhere in the world. Meanwhile, the DokTrak software is considered to be the most versatile document tracking and data warehousing technology solution, especially in resolving the gap between origination and servicing, including the processes of post closing and file certification for securitization.