Utilizing Optical Character Recognition (OCR) technology, MARS allows for high-speed scanning, extraction, transmission, dissemination and collection of necessary data, increasing accuracy, enhancing security and protecting information. MARS then files the documents into customizable folders acting as a central online storage system for all documents. The scalable system also offers customized reports to alert users of process-critical missing or incomplete information. Integrating with any existing document management system, MARS eliminates document loss, reduces administrative costs and enhances the accessibility of documents.

“As we continue to grow and evolve, technology solutions have become a critical component in client service and satisfaction,” said Bada. “Our MARS regulatory-compliant system fulfills a growing need within the crowded mortgage default management industry to increase efficiencies and accuracy, minimize losses, adapt to diverse needs and simplify data collection and management as a whole.”

About Five Brothers
Founded in 1972, Five Brothers is the oldest mortgage field service company in the nation. Five Brothers, based in Warren, Mich., partners with mortgage servicers nationwide to provide customer-focused default management solutions aligned with clients’ needs and business goals. Five Brothers’ programs include property preservation, inspections, REO management, hazard claims processing, document scanning with automated work-flow services, state-of-the-art loss mitigation software (MOTZ™) – allowing quick and efficient loan modifications according to FDIC and HAMP regulations, as well as a nationwide network of experienced, dedicated field service representatives.

MEDIA CONTACT
Amanda Ming
248.258.2333
aming@identitypr.com

Enhanced in response to the HAMP recently introduced by President Obama, MOTZ is the only known regulatory-compliant software program on the market that is streamlined to quickly and efficiently modify loans according to FDIC or HAMP regulations. MOTZ software aggregates transactions to ensure loss mitigation tasks are completed correctly and in a timely manner. The software automates the calculation of Pass Fail Water Fall, the Net Present Value (NPV) of the REO sale for FDIC, the NPV of the loan modification, the NPV of foreclosure, and also provides timely documentation, including cover letters, amortization schedules and loan modification agreements in minutes rather than hours. MOTZ also seamlessly integrates with most mortgage servicing systems, including LPS MSP.

“We saw a gaping hole in the loss mitigation service landscape and we filled it,” said Bada. “Our MOTZ software will not only significantly improve efficiencies in the default management process, it has the potential to revolutionize the industry as a whole.”

About Five Brothers

Founded in 1972, Five Brothers is the oldest mortgage field service company in the nation. Five Brothers, based in Warren, Mich., partners with mortgage servicers nationwide to provide customer-focused default management solutions aligned with clients’ needs and business goals. Five Brothers’ programs include property preservation, inspections, REO management, hazard claims processing, document scanning with automated work-flow services, state-of-the-art loss mitigation software (MOTZ™) – allowing quick and efficient loan modifications according to FDIC and HAMP regulations, as well as a nationwide network of experienced, dedicated field service representatives.

MEDIA CONTACT

Amanda Ming
248.258.2333
aming@identitypr.com