Response Analytics Inc. (RAI), a Scottsdale, Ariz.-headquartered provider of solutions for financial services institutions, has introduced the industry's first distressed-portfolio management (DPM) solution.
RAI's DPM solution combines software and services and is designed to increase cashflows on distressed mortgage portfolios and keep homeowners in their homes.
Unlike conventional default management and servicing systems, RAI's DPM solution uses optimization-based technology to provide continuous portfolio valuations and optimal-recovery-rate recommendations matched to appropriate collection channels, the company says.
By adaptively learning how borrowers and portfolios will react to changing market and economic conditions, mortgage organizations can increase accuracy for valuations and cash flow forecasts – plus optimize workout recommendations.
