MReport March 2020

TheMReport — News and strategies for the evolving mortgage marketplace.

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M R EP O RT | 35 Top 25 Fintech Innovators HEADQUARTERS LOCATION: Frederick, Maryland PHONE: 240.345.3430 WEBSITE: HEADQUARTERS LOCATION: Irvine, California PHONE: 800.280.2832 WEBSITE: Aspen Grove Solutions COMPANY DESCRIPTION: Aspen has been providing technology solutions to the mortgage in- dustry since 1997. Its property servicing platform is used to manage business processes across the entire asset continuum. This platform provides a central location for managing everything related to the as- set. It simplifies integrations across the supply chain and provides key business dashboards and insights to drive decisions and automate business processes. Aspen partners with asset managers, servicers, and preservation companies to drive digital transformation and auto- mation in property management. INNOVATION SPOTLIGHT: • Aspen Grove Property Servicing Platform—the definitive surround- ware solution for a mortgage loan. By focusing on the underlying asset (the property itself) and tracking business processes across the asset continuum, Aspen Grove enables its clients to leverage the full life cycle of data—whatever point in time a decision must be made. Data-driven decision making, automated workflow, pre- mortem checks, supply-chain integration, and surround-ware event management drive cost savings, accuracy, better decisioning, efficiencies, and business insights across the asset continuum that starts before the loan and lives beyond the loan. COMPETITIVE ADVANTAGE: We take a completely different and innovative approach. A loan hap- pens to the asset or on the asset—not the other way around. The loan has been well digitized, the asset has not—this represents an opportunity for the industry and one that Aspen's innovative technology solves for. Using Aspen to digitize business process on the asset continuum makes it easier to integrate mortgage supply chain vendors. What truly sets Aspen Grove apart, however, is its partnership approach to every engagement. TESTIMONIAL: "This functionality has provided enhanced and valuable visibility into the status and expenses with each work order, including improvements in the control and oversight of our vendors." —Wells Fargo COMPANY DESCRIPTION: is the nation's leading online marketplace for the disposition of distressed residential properties. Its tools and services help maximize sales, shorten the sales cycle, yield higher returns, mitigate risks, and el- evate results. Sellers enjoy revolutionary tools, customized and flexible programs, data intelligence and buyer insights, support from 900+ em- ployees, and a nationwide marketing reach to millions of potential buyers. INNOVATION SPOTLIGHT: FOR SELLERS • Hundreds of millions of user data points—including buyer profiles, property data and auction behavior information—help sellers make more informed decisions. • Available tools help speed sales and create a more direct interac- tion between buyers and sellers, Bid Interact, the latest feature of Portfolio Interact, lets sellers monitor REO auctions in real time, make reserve changes instantly, and accept live bids—all while dis- playing the bidding history and relevant value data in one conve- nient place for informed decisioning. • Our marketing amplifies the reach and global exposure for assets through digital empowerment and traditional, offline tactics. FOR BUYERS: • To meet investment goals, buyers need a wide selection of property choices. Buyers can shop more than 26,000 available properties.* • A recommendatione engine learns about buyers' likes and needs and helps save time by suggesting similar deals. • Property pages provide information, such as property conditions, oc- cupancy status, neighborhood information, and access to resources that help with due dilligence. COMPETITIVE ADVANTAGE: The unique marketplace offers the most extensive volume of distressed residential property listings of any real estate marketplace. has over $49 billion in sales as of December 2019, more than 429,000 properties closed to date, 900-plus employees, and seven times bigger asset volume than its closest competitor.'s national foot- print for both online and onsite auctions includes all 50 states, as well as Washington, DC, and Puerto Rico.

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