10.01.2009
Xplair Technology Announces Enhancements to iMS Residential Loan Portfolio Management Platform
New REO Module Enables Users to Drive Strategy and Workflow with Interactive Access to Comprehensive REO Asset Data. Real Estate Industry Trend Data Now Available on iMS Platform Through Alliance with Altos Research
Thursday, Oct 01, 2009
San Diego, California, October 6, 2009 – Xplair Technology, LLC (“Xplair”), a provider of innovative portfolio management software, hardware services and support, today announced two enhancements to its illumair Management System (“iMS”), a web-based residential mortgage portfolio management platform designed to directly link financial institutions and investors with servicers and other loss mitigation agents through secure, on-line access to proprietary loan and REO asset data. The iMS platform aggregates critical asset-level characteristics that are delivered in a robust user interface with a full system of comparative analytics, risk metrics and interactive charting that also enables dialogue between all users to better meet objectives and make decisions with real-time portfolio and industry data.
New REO Module
Building on its innovative iMS platform, Xplair today announced that it has launched a new REO module on the iMS platform. The REO module is modeled on iMS’s successful servicer-to-investor interface and provides users with up-to-date REO data and the ability to task and communicate with multiple REO vendors/providers across a portfolio of REO assets. Key functions enable users to:
- View performance by user defined breakouts using drag and drop technology;
- Sort assets by manager, location and other characteristics and manipulate risk map and performance grid with drag and drop technology;
- Manage assets by service level agreement goals;
- View assets and analyze trends using interactive graphing and exception reporting features;
- Drive tasking and workflow from any view of the portfolio; and
- Incorporate third party data for analysis.
Jill Parker, Managing Director of Xplair, said, “We are very excited about the launch of our new REO module. Residential mortgage investors and other stakeholders who use iMS will now be able to view their REO assets as a single portfolio irrespective of REO vendor and drive strategy and workflow to the individuals managing the loan or asset.”
Ms. Parker added, “The functionality of our new REO module enables complete transparency and accountability between user and vendor. iMS users can access third party data for forecasting and analysis, drill down through their portfolios to the individual asset level and create tasking and workflow for REO vendors, all while using drag and drop technology in an easy-to use interactive platform.”
“iMS is an extremely powerful loss mitigation tool,” said Jeffrey Kaplan, Chief Executive Officer of National Asset Direct, Inc., a user of iMS. “What distinguishes iMS from other systems is the ability to identify areas of risk and take action to impact the potential outcomes before a loss occurs.”
Access to Real Estate Industry Trend Data Through Alliance with Altos Research
Xplair also announced that it has created an alliance with real-time real estate data provider, Altos Research, to provide in-depth property listing monitoring at the ZIP, County, MSA and State level to afford clients and investors the most up-to-date data on current listing market trends. Coupled with Xplair's technology and analytics, Altos Research's data provides historical and forward looking views into supply and demand economics at a highly granular level.
Commenting on the alliance with Altos Research, Ms. Parker said, “We are delighted to enter into this arrangement with Altos Research for the benefit of all iMS users. With seamless access to the most recent data available, including median home price, current inventory levels and days on market, iMS users will be able to instantly identify and understand trends that will affect the value of their assets.”
Mortgage Bankers’ Association’s 96th Annual Convention & Expo 2009
Xplair will be hosting a technology panel at MBA's 96th Annual Convention & Expo 2009 in San Diego, California on October 12, 2009 from 3:45pm – 5:00pm. The panel, entitled Using Technology to Achieve Transparency Between Investors and Servicers, will focus on the latest technologies that allow investors to drive strategy and monitor results. In addition, Xplair representatives will be present at the Convention to offer live demonstrations of the iMS platform.
About Xplair Technology, LLC
Founded in April 2009, Xplair Technology, LLC provides innovative portfolio management software, hardware services and support to a wide range of clients in the financial, capital markets, mortgage and REO space. For more information, please visit, www.Xplair.com.
About the illumair Management System
iMS is a public, web-based residential mortgage portfolio management platform designed to directly link financial institutions and investors with servicers through secure, on-line access to proprietary loan and REO asset data, aggregating critical asset-level characteristics that are delivered in a robust user interface with a full system of comparative analytics, risk metrics and interactive charting that also enables dialogue between all users.
iMS provides a customizable “dashboard view” of up-to-date portfolio information and provides users with the tools to quickly and efficiently drive a broad or granular portfolio strategy. The system maps over 300 asset-level characteristics from multiple servicers and REO providers, allowing residential mortgage investors and other stakeholders to view their assets (loans and REO) as a single portfolio irrespective of who services the assets. Asset-level data is then aggregated along relevant performance metrics and trend analytics to help investors and other stakeholders evaluate mortgage and servicer performance and risk. A flash demo of iMS may be viewed on-line at www.xplair.com.