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» VISIT US ONLINE @ DSNEWS.COM 57 Property Valuations Index SPECIAL ADVERTORIAL SECTION SPRINGHOUSE ® AN ALTISOURCE ® BUSINESS UNIT KEY PERSONNEL Joseph A. Davila President, Mortgage Services, Altisource J. Kevin Raney VP, Valuation Services Katherine L. Smith Director, Valuation Services R. Todd Wood Manager, Business Development, Valuation Services STAFFING: » The Springhouse Appraisal Management subsidiary and Altisource Valuation Services (handling nonappraisal valuations) employ over 250+ employees GEOGRAPHICAL SCOPE AND COVERAGE AREA: » Nationwide network—thousands of brokers and appraisers with local expertise CORPORATE DETAILS: 13736 Riverport Drive, Suite 440 | Maryland Heights, MO 64043 | 877.871.6948 t.wood@springhouseamc.com | Altisource.com/Springhouse COMPANY DESCRIPTION: Springhouse, a nationwide appraisal management company (AMC), provides a full range of valuation products and services for today's origination, loan servicing, default, REO, and secondary markets. The company's proprietary software and global network of real estate professionals work to deliver accurate valuations, including competitively priced traditional and alternative valuation products. » Residential and commercial property appraisals » Broker price opinions (BPOs) » Comparative market analyses » Property inspection and other market data services COMPANY HISTORY: Springhouse is a business unit of Altisource, a leader in providing services and technology for the mortgage and real estate industries. Founded in 2008 and acquired by Altisource in 2011, Springhouse continues to grow its client base by focusing on delivering high-quality services nationwide. REGULATORY COMPLIANCE: Springhouse leverages a compliance management system (CMS) that tracks legislative, regulatory, and legal changes related to valuation services. The company's team of dedicated compliance specialists uses preventative and detective controls to help manage risk and comply with applicable laws. KEY FEATURES/BENEFITS: Reduce risk » Help lower your risk with Springhouse's continuous monitoring and knowledge of new laws and regulations. The company's compliance standards are benchmarked against statutory and regulatory requirements. Nationwide expertise » Gain accurate, localized market knowledge through Springhouse's national network of internal associates and broker/appraisers. The company's management team brings over 25 years of experience in mortgage and real estate. Increase efficiency » Using Springhouse's integrated technology, manage myriad applications for standard residential and commercial origination through default, REO, and loan servicing. High-quality processes and controls help deliver rapid turnaround times with multilevel quality reviews and metrics. COMPETITIVE ADVANTAGE: National AMC » Expansive network with localized market knowledge Proven Provider » Delivers over 625,000 valuations annually [1] Efficient Delivery » Single source for accurate, prompt valuations Customer-Centric » Dedicated client service teams focused on excellence WHAT ADDED VALUE DO YOU BRING TO YOUR CLIENTS?: In addition to standard valuation services, Springhouse offers specialized solutions to solve complex requirements such as custom hybrid and data- and model-enhanced valuations. WHAT ARE THE KEYS TO YOUR SUCCESS?: Springhouse's success is built on quality service, compliance, and adaptability. The company understands where it can add value, and customizes its products to meet its clients' unique needs. » Provided more than 3.1 million valuations since 2012 [2] » More than 24,000 vendors in the network [3] BUSINESS LINES, SERVICES, AND PRODUCTS: In addition to traditional offerings—residential and commercial property appraisals, broker price opinions, comparative market analyses, property inspections and market data services, and commercial marketing inspection services—Springhouse also provides specialized services: » Data- and model-enhanced valuations » Custom hybrid valuations » Automated valuation model (AVM) applications » Single- and multivalue reconciliations » Centralized and traditional desk reviews » Valuation consultative services » Forensic and buyback rebuttals » Legacy panel management » Risk management and business process outsourcing [1] Average annual volume 2012-2016 [2] Q1 2012-Q4 2016 [3] As of Q4 2016 Nationwide coverage Maryland Heights, MO Corporate Headquarters