TAMPA, Fla., July 9, 2015 /PRNewswire/ -- NetDirector, the leading provider of cloud-based data and document exchange services for the mortgage banking industry, is constantly enhancing their integration service offerings to keep up with new industry compliance and regulatory changes. Most recently, new features have been developed for NetDirector's Military and PACER Search services that will benefit default servicing attorneys, mortgage loan servicers, vendors, title companies and more.
The current Military Search service allows customers to stay in compliance with the Servicemembers Civil Relief Act (SCRA), which requires that foreclosure attorneys/trustees and mortgage loan servicers check whether borrowers are active duty military members. NetDirector's Military Search allows customers to initiate real-time searches to check active duty status without leaving their case management systems (CMS), alleviating keystroke errors and reducing timelines. The Military Search can be run with the borrowers social security number (SSN) or Date of Birth (DOB), and the SSN can be auto redacted from the search results. Additionally, customers can search for missing SSN's and even upload search results directly to a Default Vendor System.
NetDirector's first improvement came about because of a change in loan servicing requirements. Customers can now choose how the SSN is displayed on either the Military or PACER Search results page. Customers have 3 choices, "N" to display the full SSN, "Y" to display only the last 4 digits of the SSN and "E" to redact the entire SSN. No matter which servicer our attorney customers are working with, we have an option that will meet their requirements.
The PACER bankruptcy searches both regional and national databases. This round trip transaction allows customers to search the PACER Case Locator site for new bankruptcy filings or for updates on existing cases. The search result PDF displays any current or prior case filings. Both the search result and the docket PDF's contain active hyperlinks allowing you one-click access directly to that case or docket entry on the PACER site. This allows clients to choose which documents they wish to download, avoid unnecessary costs and increase productivity by eliminating the need to manually search for cases each time.
Another new feature that was developed for the PACER Search is the ability for customers who are doing active bankruptcy searches to be able to search for updates to the docket by date range. This was a client requested enhancement, to eliminate receipt of duplicate information and helped to lower their PACER fees by limiting the number of pages being returned.
The final new development is for PACER searches. Customers now have the ability to search for open cases should the most recent case be closed. Previously, when a firm performed a PACER search, the response and docket returned would be the most recent case whether it was closed or open. This function is beneficial when a bankruptcy is filed by mistake and the case is closed.
"We are always looking to streamline and add value to our current integration services," remarked Harry Beisswenger, CEO of NetDirector. "As new compliance and regulatory changes arise, we are there to assist our customers with an automated workflow process that significantly reduces the need for additional overhead."
For more information on our Military Search or PACER Search services and to schedule a free demo, please fill out our contact us form or call Gretchen Borer, National Account Manager, directly at 813.343.0971.
NetDirector provides a secure cloud-based data and document exchange solution for the healthcare and mortgage banking industries to deliver seamless interoperability between parties. NetDirector bridges gaps created by disparate systems & technologies by allowing companies at any location to share data & documents securely over a single internet connection with any other member of the ecosystem. Our approach can be re-used in any industry where trading partners need to collaborate and exchange data in a seamless bi-directional, real-time manner. NetDirector currently processes more than 7 million transactions per month.