Benutech, a leading provider of real estate technology solutions, has launched PortfolioShield, a new lien monitoring system designed to help mortgage lenders and servicers identify and mitigate risks associated with their loan portfolios.
PortfolioShield utilizes advanced technology to review existing data points within a loan file. It then cross-references this information with an extensive dataset covering the U.
S. to verify or update the lender or servicer’s data. The system assesses each dataset to pinpoint files where information has changed post-loan, indicating the presence of higher risk factors that warrant immediate examination.
This process aims to ensure that the data in loan portfolios remains current and accurate, thereby reducing the risk of financial loss stemming from unknown liens against a property, loan defaults, or modifications/transfers of ownership. The system is designed to drastically mitigate potential losses, offering significant cost savings for lenders and servicers.
Brian Fox, Vice President of Business Development at Benutech, stated, “PortfolioShield gives our clients the unparalleled ability to continually update their loan files to ensure that all of the information in their loan files is current.”
Fox further elaborated on the market need, adding, “All too often, lenders and servicers are burdened by loan files with dated information, and until now, there has been no way for them to efficiently leverage technology and data to consistently update them. We are excited to bring this product to market and see how it changes the game for the mortgage industry.”
Founded in 2010, Benutech, Inc. specializes in delivering innovative data solutions. The company maintains a national data file that integrates property ownership, open/closed loans, default history, and assessor and recorder history across all property types nationwide. This comprehensive dataset, combined with intuitive technology platforms, supports the real estate and mortgage industries. Benutech’s flagship products include ReboGateway, Title Toolbox, and Client Verify, which provide tools to streamline operations, enhance efficiency, and drive business growth for clients.
