Wingspan Portfolio Advisors, a Carrollton, Texas-based component and special servicer, says it is preparing to launch a new affiliate company, Wingspan Information Technology LLC.
According to Wingspan, the subsidiary company will offer servicers the capability to provide single-point-of-contact (SPOC) access for borrowers. The company employs a centralized-database approach to loss mitigation, according to E.J. Kite, Wingspan's senior vice president of information management.
"When everything is in one place, it is far easier to access data and manage it," Kite says. "When companies use a centralized approach, everyone stays on the same page, and that includes the borrower-interface teams, making single point of contact an integral part of the servicing process."
Wingspan Information Technology expects to accept its first clients during the fourth quarter of this year, with implementations completed in the first quarter of 2012.Â