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CFPB, Single Point of Contact Compliance Drives Growth for TeleVoice

Companies mentioned in this article: TeleVoice

HOUSTON -- (BUSINESS WIRE) -- TeleVoice, a provider of customized telephony applications, experienced a 36 percent increase in revenues during its 2013 fiscal year. This growth was driven primarily by strong market adoption of SpotLight, TeleVoice’s Single Point of Contact (SPoC) call management solution, sales of systems to new mortgage servicing clients and an expansion of TeleVoice’s systems within its existing clients in response to significant levels of loan portfolio growth.

“TeleVoice’s continued success is attributable to the mortgage servicing industry’s need for customizable and effective technologies in order to achieve compliance and meet the influx of complex borrower inquiries,” said Barry Hays, co-founder and senior vice president of TeleVoice. “The CFPB’s mortgage servicing rules, specifically SPoC and loss mitigation guidelines, require servicers and subservicers to rework processes and utilize the right technology to meet new deadlines and standards.”

A leader in call center automation for the mortgage servicing industry and partner with industry leader Black Knight Financial Services (formerly LPS) since 1987, TeleVoice provides call center technology solutions to credit unions, federal government agencies and Fortune 500 companies. TeleVoice’s SpotLight, a patent pending call processing solution that manages the day-to-day processing of telephone calls between their borrowers and assigned SPoCs, enables servicers and subservicers to successfully meet the Consumer Financial Protection Bureau’s (CFPB) SPoC regulations which require servicers to make borrower contact once the 36th day delinquency deadline is exceeded.

About TeleVoice

Established in 1986, TeleVoice delivers customized telephony solutions, including Interactive Voice Response (IVR) and Computer Telephony Integration (CTI) to the financial services industry. Based in Houston, Texas, TeleVoice has been the call center solutions partner of industry leader Black Knight Financial Services, formerly LPS, since 1987. The company currently serves some of the largest financial institutions including SunTrust, BB&T, OneWest, EverBank and Capital One, helping them to more efficiently and cost-effectively manage their customer service communication channels while maintaining full compliance with key industry regulations like SPoC.

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For TeleVoice
Joanna Braeckel, 678-781-7211