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Home - Services - Technology Products - REALResolution™ - Homeowner Retention
| REALResolution™ - Homeowner Retention |
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| The REALResolution loss-mitigation and home-retention platform assists servicers in managing delinquent or defaulted loans. With our experiences in pioneering the development of net present value models to drive loan resolution decisions, Altisource Portfolio Solutions’ next-generation software incorporates scientific algorithms to integrate probability into the loan resolution process. The approach leverages the combined insight of analytical modeling, behavioral science principles and artificial intelligence-based scripting. By incorporating the probability of borrower re-default, probability of prepayment and property values over time, the REALResolution platform optimizes the resolution strategy for each loan. |
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| The REALResolution platform is fully integrated with the REALServicing™ platform, a life-of-loan residential mortgage servicing solution. The REALServicing platform automates all areas of loan servicing to improve quality, reduce loan delinquencies and lower the overall costs of loan servicing. Click here to learn more about the REALServicing platform. |
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| Comprehensive Solution |
| The modular REALResolution platform provides a comprehensive default-management solution: |
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Loss Mitigation Module - Automated and proprietary analytical tools evaluate borrowers and the underlying collateral, enabling front-line managers to manage loans with minimal training while maintaining consistent and accurate results. |
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Foreclosure Module - Web-based management and tracking module to support the foreclosure process to ensure timeline adherence, eliminate redundancies and minimize losses. |
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Bankruptcy Module - Integrated system streamlines the bankruptcy process by integrating legal proceedings with effective tracking and timeline management. |
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REO Management Module - Comprehensive property- management tools includes broker marketing, offer management, tenant counseling, disbursements, receivables, reserves and profit-and- loss statements. |
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| The Benefit to you |
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Model validation shows that the REALResolution platform is 3.7 times more effective in avoiding borrower re-defaults over other systems. By reducing post-modification re-defaults, the REALResolution platform helps clients minimize losses and improve portfolio performance. |
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