Short Sales and Deeds-in-Lieu of Foreclosure

Short sale transactions are known for their protracted timelines, often taking six months or more to complete, lost documents and concern over the legitimacy of the transaction. In many cases, short sale transactions are not finalized due to frustration with the process. Deeds-in-lieu of Foreclosure transactions present different challenges to borrowers and servicers and are often unsuccessful due to the lack of agreement among all stakeholders in the transaction. With both Short Sale and Deed-in-Lieu transactions, there are significant opportunities for servicers to shorten their processing time and reduce their investors holding and collection.

Altisource^™ offers short sale and deed-in-lieu services that leverage over 20 years of highly successful borrower outreach and debt collection expertise founded on consumer psychology principles and research. Our short sale services offer centralized communication and lifecycle management that includes borrower contact, valuation, asset management, junior lien negotiation, buyer qualification and title and settlement services.

With Altisource, you can augment your short sale and deed-in-lieu strategies through the convenience of a single-source solution or as needed during high volume periods. For your borrowers, Altisource provides an easy to understand, quick and transparent process.

Why Altisource?

Altisource improves the performance and profitability of clients nationwide by leveraging a global workforce, integrated technologies and cutting-edge decision models. For the real estate, mortgage and financial industries, Altisource delivers.

Testimonials

We went live with REALRemit^® in July, 2005. Since then our accounts payable staff has been reduced by 61% and we have saved literally millions of dollars in loan related expenses.

- John, CFO
Ocwen Financial Corporation
REALRemit^® has not only helped us stay ahead of the curve, but we saved a huge amount of time and money implementing a system that was designed to handle our custom needs.

- Doug, CEO
First Associates, Inc
Nationwide Credit, Inc.^™ does a tremendous job focusing on the objectives that matter most to a client... At the end of the day, their execution and response gives me the perception that our partnership matters the most to their business.

- Jay, Senior Director
Resurgent Captial Services L.P.
We were required to make unique enhancements to REALResolution^™, [which were] expected to reduce manual efforts while processing a loan and reduce the timeline to move the property to REO. Altisource has done an exceptional job in meeting the requirements of the project which has allowed Ocwen to achieve desired results.

- Roshan, Director, Resolution Processing and Administration
Ocwen Loan Servicing, LLC
The REALSynergy^™ product has been instrumental with Bellwether's growth in servicing since it was purchased in 2008. Bellwether has grown from 5 employees in 2008 to over 50 with $3.5 billion in servicing. The REALSynergy team was especially helpful during the portfolio transfers.

- Marty, Director, National Servicing Manager
Bellwether Real Estate Capital, LLC.
Over the years the REALSynergy^™ technical support team has provided prompt, professional, and personal attention to any implementation, operating process, or product upgrade questions that we have had. We can confidently recommend REALSynergy as a dedicated and reliable firm, and experts in their field.

- Karen S. Dolen, Loan Servicing Manager
Peter Wong Associate - an affiliate of Intervest Mortgage

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Certain services described herein are provided by Altisource's subsidiaries to commercial customers only where permitted by applicable law.