Altisource Solutions Expands REO Operations

Kennesaw, Ga.-based Altisource Solutions Inc. has expanded its mortgage servicing offerings to include residential real estate owned (REO) asset management operations.

According to the company, the expansion of services extends Altisource's real estate disposition and closing services to include comprehensive oversight and coordination of the entire REO transaction life cycle for its clients. The REO asset management operation provides lenders and servicers with a full suite of services for managing their REO portfolios, ranging from pre-marketing through asset sale, including property valuation, property preservation, property management, marketing, asset disposition and closing. In addition to these services, customers will also be able to retain Altisource to list their properties on Altisource's online platform.

‘Altisource's establishment of REO asset management services eliminates our clients' need to maintain an REO asset management team or manage multiple service providers,’ says Richard Powers, senior vice president of real estate services for Altisource. ‘Altisource is able to support the entire REO transaction life cycle from pre-marketing to closing.’

SOURCE: Altisource Solutions Inc.


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