Timios Announces Partnership With, Investment In OrangeGrid
Summary
In addition, Timios said it also has made a “significant equity investment” in OrangeGrid to increase distribution capacity, and that the companies will collaborate on a number of co-marketing initiatives to accelerate market adoption of the solution. Mortgage servicers who are GridReady customers will be able to seamlessly order title, escrow, and valuation products, as well as track fulfillment by Timios through the GridSource vendor management component of the ecosystem, the company said. GridReady “is poised to disrupt default management by making modern workflow technology — which spans the business processes of both mortgage servicers and their vendors — easily accessible and rapidly deployable,” Ray Davison, CEO of Timios, said. This equity investment will enable us to significantly scale our product delivery resources to meet spiking demand from the rise in default-related activity, and the addition of Timios, a first-rate nationwide provider of title, valuation, asset management, and escrow services, will further enhance the value of GridReady for our mortgage servicing customers." Dallas-based FinTech OrangeGrid is a developer and vendor of no/low code software technologies that improve the operational efficiency and effectiveness of financial institutions and their service providers.
Classifications
AskAI Classifications
LabelsLinked Companies
