With the recent release of their leading edge software, Asset Management Solutions, National Real Estate Information Services extends the breadth of their end-to-end Asset Management services upstream to portfolio analysis while strengthening their loss mitigation offering.
PITTSBURGH, Feb. 13 /PRNewswire/ -- National Real Estate Information Services (NREIS) announced today the release of a fully integrated Asset Management Solution, beginning with loan portfolio data analysis and extending on through to the REO sales and disposition process.
The process is powered by analytics software that includes the ordering and delivery of third-party services; verification of collateral values and property ownership; transactional credit profiles; and customizable loan modification solutions. The solution allows lenders and investors to confirm vital loan information and determine the optimal work out or acquisition solution(s).
National Real Estate's integrated asset management analytics engine is powered by Commerce Velocity. This exclusive partnership allows NREIS to offer a more comprehensive suite of solutions to mortgage servicers and investors. Through the asset acquisition and optimal outcome modules, NREIS' customers can gain insight and mitigate risk on both performing and non performing assets.
"We've always been a one-call provider for our customers. In the asset management segment, our customers are accustomed to turning over the property and we do the rest. However, many customers were looking for assistance analyzing their portfolios as well," remarked Michael E. Forgas, President and COO of National Real Estate Information Services. "Due to that feedback, the Asset Management Solution software now enables us to assist our customers to strategically plan, mitigate risk, and reduce defaults in a proactive versus reactive environment."
"Extending the NREIS service offerings upstream fills a noticeable service gap in the market," commented Umesh Verma, CEO at Commerce Velocity. "Through our partnership with NREIS, loan servicers and investors can leverage the power of this software to provide loan analytics, compliance, and due-diligence capabilities--combined with the expertise of NREIS management team--all through a single-source solution."
The NREIS Asset Management Solution segments the lending portfolio by performance and potential risk providing simultaneous workout solutions for each loan. The NREIS asset management team can then establish custom workflows with the client to handle the outcomes including loan refinance, loan modification, short sale, and foreclosure/disposition.
About NREIS
For nearly 30 years, NREIS has supported both the residential and commercial mortgage and real estate industries through a custom service model, easy-to-use technology, and comprehensive products. National Real Estate's products and services include title insurance and property reports, real estate appraisals and alternative valuation products, commercial real estate services, settlement and closing services, asset management, default services and property preservation, and home retention. For more information visit www.NREIS.com or www.NationalAM.com
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