Equator Platform Supports 1M Short Sales

""Equator,"":https://www.equator.com/home/ a California-based provider of default servicing technology, has supported 1 million short sales through its EQ Platform since its launch in November 2009, according to the company's third quarter report.

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""Short sales continue to be a viable option to foreclosure,"" Chris Saitta, CEO of Equator said.

""Our platform has helped servicers by serving their needs, increasing pull through and shortening time frames, which has led to the initiation of over one million short sales,"" Saitta said.

In addition, Equator's Loan Segmentation Module has processed more than 500,000 loans this year.

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""We are also very excited that over half a million loans have been run through our loan segmentation model generating optimal outcome work flow on a loan level basis,"" John Vella, Equator's COO said.

""The combination of our extensive, real-time database and our highly configurable environment makes this module unique when compared to other products in the marketplace,"" Vella added.

In total, Equator's REO, short sale, and loss mitigation platforms have processed more than $195 billion in transactions, and its EQ Marketplace processes more than 250,000 transactions daily.

While continuing to provide solutions to the default servicing industry, Equator recently announced a new product on track for an early 2012 release.

Equator's ""REvolution"":http://dsnews.comarticles/equator-announces-revolution-for-real-estate-agents-2011-09-23 will provide real estate professionals with an enterprise level platform to help them manage their workflow for both distressed and traditional properties.

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