Given the unprecedented strain on the economy, high levels of unemployment, falling property prices and rising delinquencies, loss mitigation strategies have become critical in minimizing investor losses. The REALResolution^™ Loss Mitigation Module provides responsive, standardized and optimal loan resolutions and workout strategies for non-performing mortgages. The platform uses scientific algorithms, behavioral science principles, structured decision tree frameworks and statistical / econometric models to drive more accurate resolutions for each borrower.

Features

• Utilizes predictive analytical algorithms and behavioral science principles to determine optimal resolution for delinquent borrowers.
• Determines future property prices, borrowers' likelihood to re-default and borrowers' future affordability projections to optimally structure offer terms, ensuring minimum re-default and maximum net present value (NPV) for the investors.
• Performs both Home Affordable Modification Program (HAMP) and proprietary Non-HAMP analyses.The module determines HAMP offers per the guidelines of the U.S. Treasury while calculating Non-HAMP offers using an “n dimensional continuum” approach.
• Eliminates variability in end-user decision making processes through automated algorithms.
• Interfaces with servicing platforms, telephony environments and document management systems to automate and execute the entire modification process including distribution of the modification agreement to the borrower.
• Enables online viewing of documents submitted by borrowers and document processors.
• Offers flexibility when modifying or adding new investor specified rules.
• Adapts to servicers’ unique operational processes through customizable rules and workflows.
• Provides a loan status tracking dashboard which includes required loss mitigation timelines.