Covius significantly enhanced its automation and data solutions beyond its core servicing base to originators, capital markets participants and the broader real estate community, thanks to a major acquisition in 2019. Last year, a renamed & refocused Covius promised the market that it would accelerate organic and external investments in tech-enabled solutions. This year, Covius acquired Chronos Solutions’ credit, flood, income and tax verification services, government services, REO management and disposition, online foreclosure auction and homeowner association tracking units.
- Via APIs and platform integrations with tech companies like Clarifire and Mortgage Cadence, Covius clients can access a wide-range of solutions under a single MSA.
- In 2019, a top 10 bank and servicer selected Covius to build out a solution which resulted in immediate cost savings and operational performance improvement.
- A government-sponsored bank using a custom Covius SaaS platform saw significant improvements in their business processes and customer experience—average turnaround time decreased by 30%.
