Equator Addresses Servicers’ Needs with Focus on Compliance

In the servicing sector, ""compliance"" was the ""buzz word"" in the fourth quarter of 2011, according Equator, a leading software provider for the default servicing industry. And compliance will continue to be top-of-mind throughout 2012, according to the company.

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""The needs of our clients have focused on the demands for stricter compliance and Infrastructure Security,"" said John Vella, COO of Equator.

""Equator now offers servicers a complete, end-to-end default solution,"" said CEO Chris Saitta. ""Our platform can

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handle every aspect of Default that our clients need â€" from Loan Segmentation to Loan Modification, Short Sale, Deed in Lieu, Invoicing, Foreclosure processing and REO,"" said Equator's CEO, Chris Saitta.

Agents and homeowners have initiated almost 1.2 million short sales through Equator's Short Sale Module since its launch in 2009.

In addition, servicers have sold more than $150 billion in assets through Equator's Loan Segmentation Module since 2003. The module decisioned more than 875,000 loans in 2011, and Vella expects it to handle ""at least double"" that this year.

Also this year, Equator will launch a new product for real estate professionals -- a solution designed to aid real estate agents in processing both distressed and traditional properties.

""With REvolution Basic, Agents will now have access to the same type of workflow systems that servicers have been using,"" Saitta said.

""2011 has been a year of explosive growth for us,"" Saitta said, and he expects the company to continue to grow in 2012.