WARREN, Mich., January 28, 2010 — Warren, Mich.-based Five Brothers, a provider of mortgage field service solutions nationwide, today announced the release of its industry-leading Management, Archival, Retrieval System (MARS™) that scans, extracts, secures and files data for easy accessibility, retrieval and automated reporting of process-critical missing or incomplete information. Five Brothers’ CEO Joe Bada made the announcement.
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.