FOOTHILL RANCH, Calif., Aug. 5, 2011 (SEND2PRESS NEWSWIRE) -- Quandis, Inc., a leading provider of default management solutions, announced that is has earned a spot on Mortgage Technology magazine's annual Top 50 Service Providers list.
According to officials at the magazine, in order to make the list companies must excel at four primary criteria: customer satisfaction, functionality, market share and a viable revenue model. Mortgage Technology, a SourceMedia owned publication, stipulates that vendors must prove they have satisfied clients, deliver functional value and help keep organizations apace of competing technologies. This year the evaluation process was expanded to include uniqueness of value proposition, major technology advancements, results achieved, strategic direction and technology vision, to name a few.
Founded in 2002, Quandis offers a modular suite of Web-based default management solutions, which includes foreclosure process automation, short sale portals, skip tracing systems, a valuations hub, military search services, bankruptcy status searches, collection solutions, as well custom application development. Quandis' clients range from lenders to banks, servicers, foreclosure attorneys, outsourced service providers, and agents and brokers.
"We're honored to be named as one of the Top 50 Technology Vendors by Mortgage Technology magazine for the first time in our company's history," said Scott Stoddard, CEO of Quandis. "We've been developing enterprise-class default management solutions long before the crash, which we anticipated would occur. So many organizations were caught off guard by the default storm. Our solutions suite helps alleviate an unrelenting, highly fragmented and disjointed default process on a number of different levels and pain points."
Stoddard added: "We're elated and flattered to be recognized by the magazine's judges for our foresight and hard work in engineering and delivering contemporary, effective default management solutions that help companies across the value chain. These organizations are often placed in a rather precarious position that leaves them challenged in managing an influx of problems that are highly fluid in this precarious market."
Founded in 2002 and headquartered in Foothill Ranch, California, Quandis is a default management software provider specializing in Web-based solutions for the lending industry. Quandis' solutions include foreclosure process automation, short sale portals, skip tracing systems, a valuations hub, military search services, bankruptcy status searches, collection solutions, as well custom application development. The company's clients range from lenders to banks, servicers, foreclosure attorneys, outsourced service providers, and agents and brokers. With over 20 years of experience in developing solutions, Quandis understands the unique requirements necessary to deliver enhanced workflows and business-to-business communications. For more information, please visit www.quandis.com or call (949) 525-9000.
SourceMedia provides market information, including news, analysis, and insight to the financial services and related industries such as accounting and technology, through its publications, industry-standard data applications, seminars and conferences. SourceMedia's 750,000 worldwide clients and subscribers range from c-level executives to business-unit heads to line managers - from the front office to the middle office to the back office. The company employs more than 1,000 employees worldwide, with headquarters in New York and offices in Chicago, Washington, D.C., and London (www.sourcemedia.com).
Profundity Communications, Inc.
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