Default servicing technology company Equator says nearly 1.2 million short sales were initiated through its module over the past two years.
The company tracks this data through its default servicing platform, which helps mortgage industry clients deal with loan modifications, short sales, deeds-in-lieu, foreclosure processing and REOs.
Los Angeles-based Equator said Wednesday that more than $150 billion in assets have been sold using its technology platform over the past eight years. Analyzing trends from the recent fourth quarter, Equator said servicers heading into 2012 are focused on compliance issues.
As the firm transitions into 2012, it’s launch of the REvolution software program, which will provide real estate professionals with a system to track both distressed and traditional properties.
The company said the software gives agents enough flexibility to automate their daily work-flow cycles from a single portal, removing the need for agents to employ more than one software system to handle various asset types and sales functions.
