NetDirector launches docket monitoring service
- Posted by Seth Wuertz
- On May 26, 2011
Tampa, FL — May26, 2011– NetDirector, provider of a centralized data exchange service,today announced the availability of their NetTracker docket monitoring service. With the current delays in the court systems in many states,firms are spending a lot of time constantly checking docket status on numerous case actions. NetDirector provides a new service that allows firms to outsource and automate the labor intensive and time sensitive docket-checking task throughout the foreclosure process.Current NetDirector clients can leverage their existing connection to ramp onto this service quickly. NetDirector partners with its subscribers to provide a solution that allows them to move data and documents securely with a myriad of industry trading partners, including, a national attorney/trustee network, mortgage loan servicers, title providers, process servers, publications and many more.Premium services include:Military Search with SSN Finder,Bankruptcy PACER Suite, NetCorrect Address Validation/Correction, NetExtract Document to Data Conversion, and NetTracker Docket Monitoring. NetDirector now processes more than 4 million data and document transactions each month.
NetTracker is currently delivered in three different options:
1.Docket Sweep – is mainly used for transfer files or on-boarding of new loans and checks for all previous actions filed. This service also includes the Docket (PDF format) download. Estimated time savings = 15 minutes per file.
2. Monitoring – provides change alerts for all completed actions during the life of the file.Customer chooses monitoring interval (i.e.: every 5 days). Estimated time savings = 12 minutes per file.
3. Interval Checking – includes interval checks (i.e.: every 30 days) of the docket for up to 60 Action items (i.e.: Compliant Filed, Sale Held, etc.) and alerts when action has been filed.Estimated time savings = 2 minutes per file.
Customers can mix and match the options based on their specific business need. NetDirector is currently providing this service for all 67 counties in Florida but can easily add other states based on individual customer requests.
“NetTracker is just another example of how we continue to add value to our client network”, said Harry Beisswenger, chief operating officer at NetDirector. “Keeping track of docket items is a challenge for our clients and the mortgage banking industry at large.We have developed NetTracker to fit a high priority business need, especially for firms that are receiving transfer files or where court delays are causing extra workload.”
About NetDirector
NetDirector provides a Software as a Service (SaaS) based centralized data exchange to improve process efficiency and standards compliance. NetDirector was created to enable the integration of vital business information and processes between data trading partners. NetDirector uses an industry-centric approach leveraging expertise and state-of-the-art technology to address these integration needs. NetDirector creates value for organizations of any size by providing speed in transaction processing, reducing partner collaboration costs and enabling greater responsiveness in serving customers. NetDirector is an Associate Member of USFN and American Legal & Financial Network (ALFN). For additional information,visit www.netdirector.biz.