Press Release
September 4, 2009
Innovative Solution Vendor Expands on Core Competencies to Offer
Industry-First Solution for Asset Investors
Single Platform Brings Speed, Scalability, Efficiency & Value for Residential Whole Loan Investors
SCOTTSDALE, Ariz. – September 4, 2009 – Response Analytics Inc., a leading Financial Services Optimization (FSO) company, announced today its new solution for residential whole loan investors, Mortgage Asset Management. Developed with an opportunity to expand across other asset classes, the industry-first solution supports the entire workflow for acquiring and managing residential whole loans from valuation to due diligence through disposition and investor reporting. The solution is available immediately.
“There is currently an unmet need for a solution that provides a single architecture for integrating data & models from numerous point systems in order to produce a single comprehensive view of risk and valuation,” said Brent Lippman, chief executive officer of Response Analytics. “The point is speed – how fast can investors move to take advantage of this rare market opportunity and profit from the current and expanding inventory of undervalued residential mortgage assets? This is now a technology issue. The market requires speed, scalability and consistency which cannot be solved effectively with human capital alone- Mortgage Asset Management addresses all three.”
Using an unprecedented software platform with innovative technologies, Response Analytics’ Mortgage Asset Management solution maps to and provides unique value within the each of key process steps financial institutions face when acquiring and managing residential whole loans: Acquisition, Due Diligence, Servicing & Surveillance, and Loss Mitigation & Disposition. Mortgage Asset Management inherits core capabilities such as behavior modeling and optimization found in a prior Response Analytics innovation - Distressed Portfolio Management - which was focused exclusively on servicers managing non-performing residential mortgages.
The solution is not a replacement for in-house analytics, but rather is an enabler – a platform to conduct more business faster, more consistently and with less effort. Based on open architecture, Mortgage Asset Management can interface with any external system or solution. As investors’ businesses grow and become more complicated (expanding volume and asset classes), Mortgage Asset Management answers with an ability to incorporate new and different data sources, model types, reporting requirements for investors across funds, investors and pools.
About Response Analytics
Response Analytics, Inc. is a leading Financial Services Optimization (FSO) company that solves mission critical issues and evolving business challenges, using best-in-class software innovations. Response Analytics’ software is helping answer what is perhaps the financial industry’s most urgent issue – extracting more value from real estate assets while providing sustainable technology options to minimize risk. Unlike other applications or approaches, Response Analytics provides an integrated platform approach which integrates data and models from multiple systems in order to provide speed, scalability, transparency and consistency. For more information visit us on the web at www.responseanalytics.com.
Contact:
Tim Manning
Tim.Manning@responseanalytics.com
480-429-4480 Ext. 118
