Ravi Ramanathan, founder and chief executive officer of Decision Ready, was honored with two technology awards. He was named a Technology All-Star by Mortgage Banking magazine. Ramanathan also received an Innovations Award on behalf of Decision Ready from the Progress in Lending Association. 

MBA Chief Executive Officer David Stevens recognized Ramanathan’s achievement as a Mortgage Banking Technology All-Star with an award presented at the MBA National Technology Conference last night in Phoenix. 

Shortly after, Decision Ready received the Innovations Award from Progress in Lending at its annual event announcing the top technology innovations of the year.

Ramanathan’s important contributions to mortgage servicing, particularly in the area of default servicing compliance, earned him the Mortgage Banking technology award.  He has been a pioneer in developing new technology for banks and servicers to implement policy and process compliance for default servicing that directly addresses the mandates imposed by regulators and the courts. That includes interagency report findings, consent order requirements, supplemental directives for single point of contact and the ramifications surrounding the robo-signing of foreclosure affidavit documents.

Decision Ready’s technology, the Decision Ready Automated Workflow platform (DRAW) won the company a place among the top innovations of the year by the Progress in Lending association. DRAW delivers a cutting-edge, cloud-based technology solution to simplify all stages of loan servicing, and at the same time, make certain mortgage servicers are compliant. The platform provides process-based compliance, a huge leap in default mortgage technology. Rather than relying on manual compliance guidebooks, servicing associates are provided with comprehensive policy and process technology, which simplifies the decisioning process.

DRAW help servicers streamline the process of handling loans from the first stage of delinquency through to foreclosure, post-foreclosure sales or loan modification.

“Decision Ready’s technology ensures servicers are compliant with all government regulations, investor guidelines and the servicer’s own internal policies,” Ramanathan said. “It addresses the key concerns of mega to mid-level servicers, which are compliance, accuracy, speed and cost. We're very honored to be recognized with both of these awards,” he said.