National Groups Launches Short Sale Software
Glastonbury, Conn.-based default servicing software developer, the National Groups, launched its modification and short sale fulfillment program. The software was released through the National Collections & Loss Mitigation Services, a subsidiary of the National Groups that provides default management services. “The full roll out of this program is an effective response to the volume of distressed borrowers under President Obama’s Home Affordable Modification Program (HAMP) and the significant increase in foreclosed and real estate owned (REO) properties nationwide,” said Larry Bird, chief operating officer of the National Groups. In addition to the new software launch, the firm is reintroducing its full valuation software suite that it offers through its National Valuation Services subsidiary. The National Groups is a subsidiary of National Default Servicing. Write to Austin Kilgore.