xplair Platform Adds REO Module, Altos Research Data

Posted by Orb Staff on October 07, 2009 No Comments
Categories : Mortgage Servicing

xplair Technology LLC has enhanced its illumair Management System (iMS), a Web-based residential mortgage portfolio management platform, through the addition of a real estate owned (REO) module and a newly formed partnership with data provider Altos Research.

The new module provides users with REO data and the ability to task and communicate with multiple vendors across a portfolio of REO assets. The module allows users to sort assets by manager, location and other characteristics; view assets and analyze trends using interactive graphing and exception reporting features; and incorporate third-party data for analysis, among other functionalities.

‘iMS users can access third-party data for forecasting and analysis, drill down through their portfolios to the individual asset level and create tasking and workflow for REO vendors, all while using drag and drop technology in an easy-to use interactive platform," says Jill Parker, managing director of xplair.

xplair's alliance with Altos Research will provide iMS users with property listing monitoring at the ZIP, county, metropolitan statistical area and state levels. Coupled with xplair's technology and analytics, Altos Research's data provides historical and forward-looking views into supply-and-demand economics at a highly granular level, the companies say.

SOURCE: xplair Technology LLC

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