DS News

DS News February 2020

DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.

Issue link: http://digital.dsnews.com/i/1205640

Contents of this Issue

Navigation

Page 60 of 99

» VISIT US ONLINE @ DSNEWS.COM 59 Best in Servicing Tools Guide SPECIAL ADVERTORIAL SECTION 1 Inside Mortgage Finance Report, Top 50 Mortgage Servicers Q1 2019 | 2 As of September 2019 | 3 Residential properties sold January 2009 – September 2019 ALTISOURCE CORPORATE DETAILS: 877.806.7586 | Altisource.com COMPANY DESCRIPTION Altisource Portfolio Solutions S.A. (NASDAQ: ASPS) is an integrated service provider and marketplace for the real estate and mortgage industries. Combining operational excellence with a suite of innovative services and technologies, Altisource helps solve the demands of the ever-changing markets it serves. BUSINESS LINES, SERVICES, AND PRODUCTS Altisource's customized solutions can scale easily and offer support for REO and short-sale asset management, Claims Without Conveyance of Title (CWCOT) auctions, plus a bundled offering to help manage FHA assets. Altisource's core servicer solutions include: » CWCOT Foreclosure Auctions and Second Chance Auctions » Field Services and Renovation » Hubzu ® Online Real Estate Marketing Platform » Premium Title™ and Settlement Services » REALHome™ Services and Solutions, Inc. Brokerage » REO and Short Sale Asset Management » Springhouse ® Valuations » Equator ® Default Servicing Platform COMPETITIVE ADVANTAGE "Why Altisource?" Altisource provides comprehensive, end-to-end lifecycle management of default-related products and services to the mortgage servicing community, helping to mitigate losses, enhance controls, and drive efficiencies. Servicers can access a full range of scalable, customizable solutions. The fully exclusive combination of Hubzu and Equator provides end-to-end data transparency throughout the asset disposition process. Providing real-time dashboards and comprehensive data for all assets under management and a variety of customizable views that highlight operational, strategic and executive-level metrics. KEYS TO SUCCESS The Altisource suite of mortgage and real estate solutions is powered by scale, the synergies of their technology platforms, and deep industry experience, creating actionable insights with an unmatched commitment to results, compliance, quality, and customer service. Altisource integrated and customizable solutions are designed to solve the business and operational challenges that are faced by the real estate and mortgage industry everyday. TOP BENEFITS HUBZU ONLINE REAL ESTATE MARKETING PLATFORM Hubzu ® is the leading marketing platform for residential real estate auctions and asset management solutions. The platform is the industry's most effective, end-to-end disposition solution for short sale, REO, deed in lieu, foreclosure, CWCOT auctions, and asset management. Hubzu delivers optimal returns for sellers through its marketing scale, which amplifies exposure of each property through extensive multi-channel promotion. Hubzu's data management and analytics team work in tandem with a powerful marketing platform to analyze buyer demand, bidding behaviors, property characteristics, and local market conditions. Hubzu has attracted over 1.7 million registered users 2 to date and has sold over 216,000 residential properties 3 . In 2019, Hubzu introduced bulk property auctions, a new mobile app, and SMS notifications. Bids can now be placed directly through the mobile app and via SMS, an industry- first feature. EQUATOR DEFAULT WORKFLOW PLATFORM Equator ® is an industry leading provider of inventory management solutions, with strict control framework, for enterprise, mid-sized, and smaller bank servicers to help efficiently manage REO, loss mitigation, and foreclosure processes. The Equator platform allows servicers clear communication and seamless integrations with agent and vendor networks through connected portals further reducing errors, delays, and time to market. Equator delivers customizable workflow automation risk management and controls with the no costly barriers for entry to support business growth. During 2018, Equator began providing an accessible modeling tool, at no additional cost, to enhance transparency and control over the asset disposition process. This comparable model allows servicers to project "true" costs to make disposition strategy choices that are timely and well informed. Especially useful for FHA assets, this avoids additional fees and penalties that can result from the property conveyance process. INDUSTRY AWARDS, ACCOLADES, AND MILESTONES » Inclusion on 2018 Tech100 for Equator » Inclusion on 2017 Tech100 for Equator and Hubzu KEY PERSONNEL William B. Shepro CEO Travis Britsch VP, Auction Chris Hazen Sr. Director, Product, Equator® STAFFING As of October 2019, Altisource has a global workforce of 3,200+ employees. COMPANY HISTORY Altisource was founded in 2009, bringing together some of the most-experienced leaders in the financial and mortgage industries. With its knowledge, the company has developed technology solutions and service offerings that have innovated and disrupted the traditional way these industries functioned. Altisource has expanded and improved its offerings through several strategic acquisitions. Six of the top 10 mortgage servicers use Altisource Solutions 1

Articles in this issue

Links on this page

Archives of this issue

view archives of DS News - DS News February 2020