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Equator Launches Three New Products to Help Servicers With REO and Short Sale Inventory

LOS ANGELES Feb. 18, 2011 Equator ® Chris Saitta

John Vella

With an increase in REO expected in 2011, Equator is offering an REO Segmentation module which can be used for managing disposition strategies for REO properties by analyzing market and property data, and producing the desired disposition path such as: rental, hold, quick sale, repair, donate or auction. From there, the module determines the expected net proceeds per disposition strategy to support its recommended disposition method. "Using Equator’s REO Segmentation module will allow for consistent disposition strategy amongst outsourcers and internal asset managers as well as maximize net proceeds to the investor," said Saitta.

Equator’s third new product, an Invoice Management module, is now available for all existing Equator clients as well as companies seeking to leverage Equator’s industry expertise. "Our Invoice Management Solution takes invoice tracking and management to a new level, providing significant efficiency gains and transparency to its users," said Saitta.  Users will benefit from a full investor-based rules engine, enhanced communication between parties and a complete end-to-end paper trail which provides unprecedented audit control. Users can also set auto-approval thresholds for the system to immediately approve invoices that fall within the pre-specified parameters, saving time and money.

$190 billion Los Angeles Dallas Denver Irvine, Calif. Portland, Ore. www.equator.com

SOURCE Equator

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