LUXEMBOURG, Dec. 3, 2010 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. ("Altisource" or the "Company") (Nasdaq:ASPS) has announced Triad Capital Advisors of Cincinnati, a leading commercial real estate financing firm, implemented the company's REALSynergy® servicing technology to manage its commercial real estate loan portfolio.
REALSynergy, Altisource's automated commercial real estate and multifamily loan servicing platform, seamlessly manages a wide variety of loan structures, including Government Sponsored Enterprise (GSE) and Commercial Mortgage-Backed Securities (CMBS) transactions.
Triad Capital Advisors of Cincinnati selected REALSynergy after an extensive review of top commercial servicing platforms. "All of our lenders are already familiar with REALSynergy as a well-respected and highly customizable technology," said Susan Branscome, President of Triad Capital Advisors of Cincinnati. "After surveying the market, it was clear REALSynergy was the only platform that could accommodate all of our current needs while supporting our future portfolio growth goals."
"With REALSynergy's automated processes, Triad Capital Advisors of Cincinnati can improve quality, increase real-time tracking and reporting and lower their overall commercial loan servicing costs," said Mark J. Hynes, President of Technology Products for Altisource. "Ultimately, the system will allow a modest servicing staff to efficiently manage and grow loan portfolios without adding additional infrastructure. We are pleased to welcome Triad Capital Advisors of Cincinnati to our family of clients."
About Altisource
Altisource Portfolio Solutions S.A. (Nasdaq:ASPS) is a provider of services focused on high value, knowledge-based functions principally related to real estate and mortgage portfolio management, asset recovery and customer relationship management. Utilizing our integrated technology that includes decision models and behavioral based scripting engines, Altisource provides solutions that improve its clients' performance and maximize their returns. Additional information is available at www.altisource.com.
About Triad Capital Advisors of Cincinnati
Q10 | Triad Capital Advisors of Cincinnati is a regional mortgage banking leader serving the central Midwest of the United States. The Cincinnati office of Q10 | Triad Capital Advisors opened in 1998 and has an unsurpassed reputation for hard work and achieving results for its clients. In 2004, the company joined Q10 Capital, which now services a loan portfolio in excess of $17.86 billion and is the nation's 5th largest intermediary in the placement of commercial real estate capital. Q10 | Triad Capital Advisors' ownership position in Q10 Capital has propelled the firm into a truly national presence with the capability to handle the most
complex, multi-state, multi-property transaction. For more information, please visit www.triadcincinnati.com.
CONTACT: Altisource Portfolio Solutions S.A.Robert D. Stiles, Chief Financial Officer
+352 2469 7903
robert.stiles@altisource.lu
Source:
Altisource Portfolio Solutions S.A.
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