text: Altisource launches bundled FHA product | News | Valuation Review
  Altisource Portfolio Solutions announced the launch of its bundled FHA product which provides customized asset management services for delinquent Federal Housing Administration (FHA) loans.
  A recent "State of the Servicer Industry" report showed 86 percent servicing FHA loans. Nearly three-quarters (72 percent) expect their FHA loan portfolio to increase over the next 12 to 24 months, and 77 percent expect the increase to be more than 25 percent, Altisource announced in a release.
  "Altisource's FHA offering typically begins with asset oversight at the 60-day delinquency mark and extends through the first Claims Without Conveyance of Title (CWCOT) sale and, if required, the second chance sale," the company said. "Utilizing Equator, Altisource's residential loan default software and marketing solution, Altisource can help servicers manage the asset marketing and conveyance process (including field services, valuations, title services, online marketing and auctions) from one place. In addition, the Equator platform includes a proprietary FHA model that leverages the data feeds and workflows to help optimize outcomes for servicers."
  Market Analysis – Provides comprehensive data for assets under management, allowing for re-optimization throughout the post-sale lifecycle;
  Forecasting – Indicates the estimated cost of conveyance and holding timeline to compare various disposition processes and outcomes, including potential servicer contributions;
  Actionable Data – Displays percentages of profitability and potential gain/loss for each potential decision based on current market data; and
  "Now is the time for servicers to review their internal capabilities and ensure they engage the best and most experienced vendors to effectively prepare for a growing FHA portfolio," said Patrick G. McClain, senior vice president of Equator and Hubzu Auction Services for Altisource.