ServiceLink, a provider of integrated default services, has introduced EXOS One Marketplace, an online platform that delivers a seamless method for mortgage servicers to more efficiently manage default portfolios.
The new platform uses the power of artificial intelligence (AI), machine learning and data analytics to more accurately project costs, determine and compare evolving disposition paths, decrease turn times, mitigate risk and maximize returns, the company says in a release.
Leveraging the power of ServiceLink’s EXOS Technologies platform, EXOS One Marketplace delivers unprecedented visibility and an entirely new way of managing portfolios, ServiceLink claims.
It provides a comprehensive view of the status of assets held in a portfolio along with predictive modeling, data and analytics to make informed decisions in the event of a default.
The new marketplace will consolidate seamless ordering of critical services like title, valuations, auction and field services through one integrated provider.
Services can be ordered as needed for individual loans or in mass for a larger quantity.
The platform allows servicers to more efficiently manage actual and predicted timelines, accurately project costs, model optimal outcomes, and determine best disposition paths, ultimately maximizing potential while minimizing losses and decreasing turn times.
While particularly effective in managing FHA loans, EXOS One Marketplace is available for any type of loan.
FHA servicers will have views of recommended disposition strategies for every asset: convey property to HUD, sell in second chance auction, or retain the property and take it to REO.