DALLAS, June 2, 2022
/PRNewswire/ -- OrangeGrid, LLC ("OrangeGrid"), and Timios, Inc.
("Timios") announced a strategic partnership making Timios the
preferred provider of title, escrow, valuation and asset management
services within OrangeGrid's GridReady default management
ecosystem. Additionally, Timios has made a significant equity
investment in OrangeGrid to increase distribution capacity, and 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 and track fulfillment by Timios
through the GridSource vendor management component of the
ecosystem.
"The GridReady ecosystem 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. Timios is excited to join
OrangeGrid at the forefront of the digitization of mortgage
servicing, enabling our servicing clients to experience the power
of process integration that only OrangeGrid can provide," said
Ray Davison, CEO of Timios.
"We're thrilled to welcome Timios as our first GridSource
strategic partner and as an investor in our Company. 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," said OrangeGrid CEO Todd Mobraten.
Mortgage servicers interested in learning more about the
GridReady ecosystem and the Timios title and escrow services within
GridSource should contact Dominic
Baglio, SVP of Solutions Management at OrangeGrid
(dominic.baglio@orangegrid.com) or Matt
Golden, President of Timios (mgolden@timios.com).
About OrangeGrid, LLC
Dallas-based FinTech OrangeGrid
is a developer and vendor of no/low code software technologies
which improve the operational efficiency and effectiveness of
financial institutions and their service providers. Learn more at
www.orangegrid.com.
About Timios, Inc.
Westlake, California-based Timios provides a full suite
of national title and settlement services, including a robust end
to end suite of default services, Loan Modification, Foreclosure,
REO Asset Management, BPO, Valuations, and Appraisal. Timios
combines a knowledgeable and experienced team with innovative
technology to deliver a holistic, best-in-class experience for its
customers. With branch offices throughout the nation, Timios'
unwavering approach to elevated client service levels has led them
to become a preferred choice for many of the nation's top lending
firms, as well as one of the fastest growing title and settlement
firms in the real estate industry today.
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SOURCE Timios Holdings Corp.