Technical Information

Altisource^™ designed the REALSynergy^® platform to operate on Windows 2000 / 2003 / XP / Professional / Vista Business and Enterprise Editions (SP1). As a result, no expensive hardware is required. In addition, all REALSynergy services run on Microsoft SQL Servers, eliminating the need for proprietary database management systems. In addition, no proprietary database management system is necessary because all REALSynergy services run on the popular database Microsoft SQL Server.

REALSynergy utilizes an open database design to allow data exports from the system using any popular spreadsheet, report writer, word processor or other applications that conform to Microsoft's ODBC standard. REALSynergy employs a two-tier architecture similar to other client / server applications, enabling the database server to be separated from user’s workstations.

REALSynergy provides tremendous flexibility and a straightforward configuration for all organizations. The system can easily be implemented in a traditional client / server mode.

The unique combination of functionality and flexibility enables REALSynergy to adapt to future hardware innovations and continue to provide returns on your investment.

Additional System Highlights

Setup wizards, lookup / search windows and tabbed view / edit windows for entities such as loans, collateral, and borrowers
Ability to process advances and recoveries of principal and interest, escrow and property preservation expenses
Generates standard CRE Finance Council reports and files for securitized loans as well as Commercial Mortgage Backed Securities (CMBS) Investor Reports
Unlimited user-defined fields at the loan, borrower and / or property level
Ad hoc Reporting Tool to customize data views and query user-defined fields

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.