TheMReport — News and strategies for the evolving mortgage marketplace.
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32 | TH E M R EP O RT Aspen iProperty® is a robust, secure, customizable, enterprise-wide property management solution for the fi nancial services industry. It is widely used by banks, servicers, investors, vendors, and others that inspect, preserve, manage, and sell properties; analyze inventory; manage vendors and compliance; and train internal and external personnel. It creates an independent property management system for each stakeholder, connects networks at all levels of the supply chain, and optimizes the assignment of work and service delivery, through established process workfl ows. It meets the demands of an increasingly regulated environment while managing specifi c processes including, but not limited to: routine inspections, preservation and maintenance, FHA conveyance, compliance, capital repairs, REO, short sale, and hazard claims. QUICK Most clients up and running within 30 days FLEXIBLE Workfl ows customizable to client specifi cations NIMBLE Workfl ows adjusted quickly to accommodate process and/ or regulatory changes FAST Agile development cycle allows for bi-weekly new feature deployment schedule INTEGRATED With servicing, proprietary, and accounting systems, and mobile apps VENDORS Closest qualifi ed assignment methodology, performance tracking and scorecards COMPLIANCE All processes designed with compliance in mind REPORTING Data mart and business intelligence tools off er powerful reporting capabilities Customizable Workfl ows » Property inspection » Preservation and maintenance » FHA conveyance » FHA CWCOT » Repairs (pre-and post-sale) » REO » Short sale » Hazard claims, including repair » Expense management » Cash fl ow management » Quality control » Public inquiry management Improved Management/Oversight » Vendors: • qualifi cation • training • assignments • performance • quality • SLA's » Transparency of process for all stakeholders (e.g. client, employee, vendor, etc.) » Team and role management » Client and investor price lists » Confi gurable business rules » Confi gurable notifi cations Integration Friendly/Data Centric » Integrate with: • mortgage servicing platforms • client systems • proprietary systems • accounting platforms • mobile applications • claims systems » Reporting » Hosting » Backup » Archiving » Retention Key Highlights 1. Borrower Default 45+ Days Delinquent 2. Collection/Loss Mitigation Eff orts 3. Inspection/Prop Pres/Repairs 4. Bankruptcy Filing/Relief of Stay 5. Foreclosure Sale 6. REO 1. Mortgage Origination 2. Loan Set-Up, Payments, Escrow, Tax 3. Payoff 1. Mortgage Origination 2. Loan Set-Up, Payments, Escrow, Tax 3. Payo 1. Borrower Default 45+ Days Delinquent 2. Collection/Loss Mitigation E orts 3. Inspection/Prop Pres/Repairs 4. Bankruptcy Filing/Relief of Stay 5. Foreclosure Sale 6. REO SERVICER PERFORMING LOAN Servicer's System of Record NON-PERFORMING LOAN Aspen iProperty® INTEGRATION THROUGH API SERVICER Aspen Grove Solutions | 706 W. Patrick St., Frederick, MD 21701 | Offi ce: 240.345.3430 | Email: sales@aspengrovesolutions.com | www.aspengrovesolutions.com