Altisource Announces New REALSynergy(R) General Ledger Interface
LUXEMBOURG, May 25, 2010 (GlobeNewswire via COMTEX News Network) -- Altisource announces the release of REALSynergy's newest optional module, the General Ledger Interface. REALSynergy(R), a commercial real estate loan servicing platform, now provides the ability to consolidate transactions according to a client's existing general ledger chart of accounts. The new interface increases the speed, ease and accuracy of transferring information from REALSynergy to an outside general ledger accounting system.
"We are always evaluating and enhancing REALSynergy based on our clients' needs," said Mark J. Hynes, Chief Operating Officer of Technology Products for Altisource. "By creating this interface, we are extending its flexibility and configurability to reach out from the REALSynergy system and connect with our clients' existing technologies."
Altisource designed the REALSynergy platform as a flexible commercial loan servicing application that can easily be adjusted to accommodate any level of growth or change a servicer may encounter. The system can handle virtually any commercial loan structure and offers a single repository for data, alleviating the need to manage multiple disconnected systems. REALSynergy clients have the ability to manage loan servicing operations and track collateral assets from a single system. The system maintains granular level data, provides flexible cash management and includes robust reporting functionality. Additionally, REALSynergy's Web Loan View module enables investors and borrowers to view the pertinent components of their loan portfolio through a secure web-based login.
Altisource Portfolio Solutions (Nasdaq:ASPS) is a leading provider of knowledge process services related to real estate mortgage portfolio management, asset recovery management and customer relationship management. Utilizing the company's integrated state-of-the-art technology solutions that include cutting edge decision models based on psychological principles, Altisource Portfolio Solutions maximizes clients' results. Additional information is available at www.altisource.com.
The REALSynergy(R) platform is a highly automated, commercial real estate and multifamily loan servicing platform capable of effectively managing virtually any loan structure. Developed for servicing professionals by servicing professionals, Altisource Portfolio Solutions(TM) prides itself on providing its clients with innovative technology solutions. REALSynergy's General Ledger Interface allows users to consolidate transactions posted in REALSynergy according to the company's appropriate general ledger chart of accounts.
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SOURCE: Altisource Portfolio Solutions S.A.
CONTACT: Altisource Portfolio Solutions S.A. Mark J. Hynes, Chief Operating Officer, Technology Products +770 612-7294 email@example.com
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