Equity Depot announced today the release of LoanGuard™, a new product that alerts mortgage lenders of financial risk to their secured interests in Georgia.
“ A knowledge gap on property and owner status change exists which is driving risk of financial loss. ”
LoanGuard™ is an early warning and detection system designed to provide an immediate automated notification of pending Security Deed foreclosure, county property tax sale action and other key indicators of a potential loss. Equity Depot utilizes its proprietary technology, current and historical property database and analytics capabilities to continually monitor customer portfolios while flagging risk metrics out of disparate public records information.
“A knowledge gap on property and owner status change exists which is driving risk of financial loss. This risk is widening as the number of mortgage defaults increases in Georgia. LoanGuard™ is a powerful and inexpensive tool which closes the gap and reduces this risk”, said Barry Bramlett, Vice President, Equity Depot.
About Equity Depot
Equity Depot is a leading provider of real estate information services based in Alpharetta, GA. The company has been providing critical information on foreclosures to real estate investors, real estate agents, law firms, mortgage lenders, U.S. government agencies and the media for over 15 years. The company mission is to use data and technology to allow customers involved in real estate to make more informed decisions. For more information about Equity Depot, visit the company’s Web site at www.equitydepot.NET
