Rekon Description
Rekon's premier software solution efficiently handles lien releases and assignments while seamlessly integrating the specific requirements of over 3,600 recording offices, which greatly minimizes the risk of recording mistakes and associated penalties. By continuously storing and updating all recording criteria, Rekon maintains regular communication with local recording offices, ensuring that any modifications are swiftly integrated into the software. The platform automates several tasks, such as data entry, calculating recording fees, and generating checks for payments, making the entire process more efficient. Additionally, workflows are systematically assigned, and the time spent on each work queue is meticulously tracked, allowing servicers to evaluate and enhance employee productivity. Given the extensive range of recording requirements, attempting to manually process lien releases and assignments can lead to significant errors, causing expensive delays. Rekon’s sophisticated technological solution not only streamlines the entire operation but also empowers servicers to maintain complete oversight of their documentation. With this level of innovation, servicers can focus more on their core responsibilities while trusting that their recording processes are in capable hands.
Rekon Alternatives
Private and hard money lenders across the US and Canada use Mortgage Automator to run their lending business without stitching together spreadsheets, email, and separate tools. The cloud-based platform covers the full loan process, from application and underwriting to document generation, servicing, renewals, and fund management.
Lenders handling residential, commercial, or construction loans can rely on the platform to track payments, calculate interest, and disburse funds automatically, while commitment letters, loan agreements, and discharge documents are generated in seconds rather than drafted by hand. A built-in CRM keeps deals organized and moving through the pipeline, and dedicated portals give borrowers, brokers, and investors secure, real-time access to their statements.
Because workflows adjust to loan type and deal volume, lending teams can scale up without adding proportional admin work. Mortgage Automator also connects with tools like Zapier, QuickBooks, and major credit bureaus, so it fits into an existing tech stack rather than replacing it.
New customers get hands-on onboarding and ongoing support, helping lending teams get value from the platform quickly and keep growing without getting buried in manual processes.
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Funding Suite
Covius’ Funding Suite® provides an extensive array of credit, verification, and fraud prevention services. The offerings include both individual and consolidated reports sourced from all three major credit bureaus, a variety of credit scoring models, and tailored credit scoring tools that come with updates, verifications, and additional lien and judgment reports available through our secure and proprietary Funding Suite platform. Our adaptable credit solutions empower users to select the desired number of credit repositories and enable our “Smart Credit” upgrade, allowing for a three-vendor report without needing to re-access a consumer's file. Additionally, the interactive Smart Credit report features customizable sorting options and views to facilitate quicker and more efficient data analysis. Furthermore, both Originators and Servicers have the capability to request soft pulls to effectively monitor ongoing creditworthiness and enhance borrower retention strategies. This suite of services is designed to streamline processes and improve decision-making in the credit landscape.
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Flashtract
Flashtract simplifies the creation of custom pay applications and lien waivers by automating calculations for subcontractors using just two key values: the percentage of work completed and the amount of materials stored. Even minor mistakes can lead to significant delays with documentation, prompting accounting and finance teams to sift through spreadsheets or stacks of paper to catch those easily overlooked errors. Consequently, Flashtract has emerged as the leading solution for general contractors seeking efficient pay app management. By entering project information only once, users can rely on Flashtract to swiftly produce AIA-style pay applications and lien release documents using merely two inputs: the work completed during the billing period and the materials currently stored. This eliminates the need for redundant data entry and alleviates confusion over which backup documents are required prior to invoicing. Additionally, Flashtract not only performs accurate calculations but also automatically detects mathematical errors and minimizes other common billing issues by monitoring retainage, carrying over values from previous submissions, and generating precise lien waivers, ensuring a smoother billing process. The result is a more streamlined workflow that saves time and reduces stress for all parties involved.
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Integrations
No Integrations at this time
Company Details
Company:
Rekon Technologies
Year Founded:
1994
Headquarters:
United States
Website:
www.rekon.com/rekon
Media
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Product Details
Platforms
Web-Based
Types of Training
Live Training (Online)
Customer Support
Business Hours
Online Support
Rekon Features and Options
Mortgage and Loans Software
Amortization Schedule
Client Database
Closing Documents
Commercial Mortgages
Contact Management
Credit Reporting
Customer Statements
Document Management
Electronic Applications
Government Loans
Loan Origination
Loan Servicing
Pipeline Management
Pre-Qualification
Refinance Management
Residential Mortgages
Rekon User Reviews
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