Altisource Adds Short Sale and Deed-in-Lieu Services

According to a statement released by ""Altisource Portfolio Solutions S.A."":http://www.altisource.com last week, the company has added short sale and deed-in-lieu services to its arsenal of programs for mortgage lenders and servicers.

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Based out of Luxembourg, with its U.S. headquarters in Kennesaw, Georgia, Altisource has been providing services related to real estate mortgage portfolio management, asset recovery management, and customer relationship management for two decades. This new venture will allow

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lenders and servicers to enhance their loss mitigation programs from a single-source, end-to-end provider, according to the company.

""There's quite a bit of overlap with short sale transactions and default and asset management services-two areas where Altisource has enabled servicers to achieve significant success over the past 20 years,"" said Altisource's VP of field services, Tara Williams, who will manage the new short sale operation. ""Altisource's expertise and core capabilities make short sale services a logical extension of our offerings.""

Altisource's short sale services offer centralized contact and life cycle management, including borrower contact, valuation, asset management, junior lien negotiation, buyer qualification, and title and settlement services. The company also provides borrower outreach and debt collection, which will be moved into its short sale operation.

""We feel very fortunate to be in a position to augment our customers' strategies and proactively address the rapidly changing trends in the industry,"" Williams said. ""Our short sale solution compliments our full-service offering of default and asset management services.""