Wingspan To Launch Technology Affiliate

""Wingspan Portfolio Advisors LLC,"":http://www.wingspanportfolioadvisors.com/ a special servicer based in Dallas, Texas, is launching an affiliate company â€" Wingspan Information Technology â€" to provide a technology solution to help servicers implement the single-point-of-contact requirement that is part of the GSEs' Servicing Alignment Initiative.

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The innovative technology that earned Wingspan a ""Servicer of the Year"" award from Mortgage Technology will soon be available across the industry.

In its Tuesday announcement of the affiliate, the company stated that Wingspan Information Technology plans to begin working with clients in the fourth quarter of this year and will complete implementations in the first quarter of 2012.

""We're excited to be making these technology advancements available to the mortgage community and expect Wingspan Information Technology to provide meaningful assistance to the overall servicing effort,"" E.J. Kite, SVP of information management said of the platform Wingspan will offer.

""Wingspan Portfolio Advisors has had great results with the platform, and we look forward to sharing what we have learned,"" Kite stated.

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Having decided that the traditional method of maintaining borrower information on several different systems dispersed to different departments was no longer effective, Kite led Wingspan to design and implement a centralized system that provides real-time updates across various teams and ensures transparency for investors.

""When everything is in one place, it is far easier to access data and manage it,"" Kite explains. ""When companies use a centralized approach, everyone stays on the same page, and that includes the borrower interface teams, making single point of contact an integral part of the servicing process.""

Wingspan has relied on this centralized approach since its inception.

""Since day one,"" Horne says, ""Wingspan Portfolio Advisors has been a single point of contact company, creating very effective relationships with borrowers that have led to our outstanding track record of success.""

""Smaller servicers, including regional banks and credit unions, can achieve a level of servicing sophistication they have not seen before with Wingspan Information Technology's offering,"" says Horne.

Kite and Horne are working with Miller & Associates, a technology consulting company, to make Wingspan's highly customizable system available to the industry.

""We are also working with Dedo Interactive, Inc., a Miller & Associates spin-off which specializes in touch/gesture/mobile-based technologies, on a GPS-enabled smart phone application that will prevent or minimize many types of fraud from third parties,"" Kite says.

""It authenticates field services providers at property sites, receives their updates and reports instantaneously, and adds transparency to all kinds of property management activities. It even handles location-verified photos from mobile devices to prove that the grass is cut and the hedges are trimmed to specifications,"" Kite adds.