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66 If you are a firm like Altisource Portfolio Solutions, the year 2015 ushered in a new era—one in which the mortgage, financial and technology services firm could no longer deny that strategic mergers, new data and a growing platform supporting the growing single-family investment segment is what's needed to play in the year 2016 and beyond. Altisource, which prides itself on strategic and sensible growth, wasted no time, announcing earlier this year that it would enhance its offerings in the home rental market with the acquisition of RentRange and Investability. So what are these two new assets and why do they fit with Altisource hand to glove? For starters, at a time when single-family rental investing is all the rage, RentRange offers market level rental data, analytics and solutions that evaluate rents for single-and multi-family properties. RentRange has already made a name for itself as an aid to investors, property managers, lenders and appraisers. Add in a little dose of Investability—a firm that offers investors data such as cash flow, cap rate, net yield on rents and market value data on properties—and Altisource has now constructed what can only be called a one-stop shop for real estate solutions, while making itself a type of behemoth in the quality real estate data segment. Just ask Wally Charnoff, CEO of RentRange, what the strategic merger means, and it becomes clear that the players in the data space are constantly charged with finding new ways to cater to the residential real estate investor. "e demand for data is significant," says Charnoff. "e data was a big motivation," he says of the recent Altisource transaction. "Prior to the type of data that RentRange had, it was tough to evaluate the rental health of a market and to look at different markets across the country and get accurate rates and turn rates.." he added. But all of that has changed, he says, noting that the combination of RentRange's Intel on markets and rentals and Investability's investor-inspired data creates a nice synergy as single-family investors up their play in this space. Charnoff says Investability and RentRange under one roof provides the investor with everything he or she needs to safely invest outside their geographic area and to make informed opinions. "You have to have data available on what geographical areas are good to move into," he says. "It was tougher to evaluate opportunities across the country." S U C C E S S F O R M U L A / K E R R I P A N C H U K THE MORE THE MERRIER Altisource Adds a Few More Seats to the Family Dining Table: Firm Acquires RentRange and Investability as rental data becomes a market, moneymaker.