“One-of-a-kind partnership will empower real estate agents with the tools and knowledge to get “off the market” inventory in front of both national and international investors for immediate acquisition.”

Boca Raton, Fla. – Nov. 9, 2012 – Vendor Select and Wingspan Portfolio Advisors LLC today announced the formation of a strategic alliance that will uncover, package and sell investment-grade “shadow” properties – individually and in bulk – throughout the United States to discount-minded investors.

Wingspan, which specializes in turning non-performing loans into re-performing assets, will leverage Vendor Select’s robust technology and leading nationwide network for real estate professionals to bring abandoned, vacant and/or distressed properties out from the shadows and onto the radars of traditional buyers, as well as investors, hedge fund managers, private equity fund advisors, and Real Estate Investment Trusts (REITs), among others.

“We have seen major shifts in the residential real estate industry,” said Patrick Butler, Director of Partner Relations for Vendor Select. “Big banks and government-sponsored enterprises (GSEs) are selling off bulk real estate-owned (REO) pools and non-performing loans directly to private equity and institutional investors. However, the vast majority of the ‘shadow inventory’ is not being controlled by these entities – it is still lying dormant in America’s neighborhoods and cities.”

The volume of mortgage defaults in recent years has overwhelmed most money lenders, making it difficult for them to resolve their non-performing assets in an efficient manner. In fact, industry statistics reveal that, on average, the foreclosure process can take as long as two years to complete. Meanwhile, many of these homes sit vacant or the borrowers – who in some cases are “strategic” defaulters – are overwhelmed and confused with too much confusing information.

Wingspan and Vendor Select aligned to provide these individuals, as well as their lenders, with dignified exit strategies that will in turn help restore the listless national housing market.

“Wingspan is thrilled with this partnership and the ability to help match up the lesser tapped purchasing opportunities with the rapidly growing appetite of potential homeowners and investors,” said Steven Horne, Wingspan’s CEO and President.

Real estate professionals, investors, asset managers and portfolio owners (small and large) who are interested in listing, selling or buying “shadow” properties individually or in bulk are encouraged to visit www.VendorSelect.com for more information.

It’s almost here …

Active Data Technologies Inc. will be in attendance at the upcoming Five Star Conference and Expo at the Hilton Anatole in Dallas, Texas, from Sept. 5 to Sept. 7, 2012. It’s the largest tradeshow of its kind for the default mortgage servicing industry, drawing more than 5,000 attendees annually.

Those in attendance include loan servicers, Government-Sponsored Enterprises (GSEs), banks, asset managers and real estate professionals, among others, from throughout the United States.

And, of course, us!

Active Data Technologies Inc. will be on the tradeshow floor to tout the many new VendorSelect enhancements, including the latest technology-driven Broker Price Opinion (BPO) product, which helps real estate professionals manage/complete more BPOs quicker and more efficiently through automation.

Benefits include, but are not limited to:

• Access the most accurate property data
• Select comparables with a single click
• Collect property information on your handheld device during walk-throughs
• Achieve more accurate results
• Complete appraisals in a fraction of the time

The valuation industry will never be the same!

We will be at Five Star 2012 to sign up professionals for our leading nationwide vendor network, as well as provide demonstrations on the VendorSelect features and our leading-edge automated BPO software. It’s a safe bet that we can squeeze in some time to network and talk about other cool things, too.

Be sure to pop in and introduce yourself or if you would like to set up a date and time to meet we can coordinate through the “Contact” page right here.

See you in Texas!

The South Florida company, which is quickly emerging as the premier vendor network in the default servicing industry, was able to make this giant leap forward thanks in large part to its existing relationship with Broker Management Services Inc., a leading directory that features a “Who’s Who” of the most talented and experienced professionals in real estate.

“At VendorSelect, we combine the most qualified vendors with state-of-the-art technology to meet the growing demands of the industry,” said Patrick Butler, VendorSelect’s Director of Partner Relations. “Loan servicers, asset managers and government-sponsored enterprises (GSEs), among others, all need to ‘get local’ to service their assets best. This acquisition does just that, making the most experienced individuals all accessible through our leading-edge vendor management platform.”

Real estate agents, brokers, contractors and vendors who are interested in expanding their businesses with VendorSelect clients are encouraged to sign up for inclusion in the national network at www.VendorSelect.com.

Broker Management Services Inc. enjoyed a very successful run in the management, marketing and disposition of Real Estate-Owned (REO) properties for the past decade. Established in 2003, Broker Management Services Inc. and its network worked as a key Marketing and Management partner for the U.S. Department of Housing and Urban Development (HUD) in the southeast United States, liquidating thousands of assets for top dollar and in record time.

In addition to its success with HUD, Broker Management Services Inc. provided access to its network to QuickSale.com and other large- and mid-sized marketing and asset management firms.

That work will continue, albeit under the VenderSelect banner.

“With the explosion of bulk purchases of distressed assets by private equity and institutional investment firms the need for real estate agents to conduct specialized BPOs and work with flat-fee listings has hit a fever pitch,” said Butler. “The newly revitalized asset class – single-family residential properties — has created a unique niche in the market that VendorSelect is rapidly filling with qualified service providers.”

Real estate agents, brokers, contractors and vendors who are interested in expanding their businesses with VendorSelect clients are encouraged to sign up for inclusion in the national network at www.VendorSelect.com.

The Agent University, which is among the Active Data Technologies Inc. family of companies, attracted another full house of industry professionals at a recent live training event that was held at the MIAMI Association of REALTORS® in Miami, Fla., on March 21, 2012.

Director of Education, Linda Yates, and Program Trainer, Patrick Butler, led the seven-hour “Investor Series” course, which covers every aspect of working with real estate investors.

Areas and topics that were covered during the full-day session included:

• Finding and working with investors
• Preparing buyers to purchase foreclosures
• Valuation models for investments
• The investment analysis
• Renovations
• Financing foreclosures
• Bulk REO and non-performing note sales

More than 30 South Florida real estate agents in attendance walked away with a thorough understanding of the “language” of the investor, how to open up new markets and so much more valuable knowledge.

“There has never been a better time to invest in real estate,” said Butler at the conclusion of the successful event. “With record low interest rates, depressed property values and banks willing to discount distressed assets, today’s investors — and the agents who are savvy enough to represent them — can achieve incredible rates of return.”

For more on the “Investor Series” training administered through The Agent University complete program details can be found right right here. To inquire about coordinating a live training session for your agents, or if you are an individual agent who is motivated to become a market leader, please contact us today right here.

“Time is money in our business,” said ResCom Partner-in-Charge, Oliver Wright. “We partnered with BMS because of its tremendous technology solutions that will enhance our profitability, as well as maximize the time it takes to perform the work.”

In fact, in the first quarter of 2012, ResCom placed 341 Real Estate-Owned (REO) assets with BMS, which leverages the marketing power of Foreclosure.com and its unrivaled network of affiliate and partner sites, and sold more than one-third of those assets in less than 30 days. Non-profit organizations, employer groups and real estate agents are also an integral piece of the intricate BMS network that yields results for ResCom.

In addition to marketing, BMS offers a proprietary, fully-configurable asset management platform that is called REflex Technology, which has facilitated the liquidation of properties nationwide since its inception in 2011.

“We are excited to work with ResCom,” said BMS Founder and Vice President, Brad Geisen, “Our asset management expertise, combined with our marketing power and customized REflex Technology, is the perfect package for private equity groups to leverage. Our turnkey solution offers the most bang for the buck when it comes to liquidating REO inventory in this market.”

BMS also includes another key feature: transparency. ResCom and other BMS partners are constantly aware of what is happening with their assets in real time, preventing crisis management situations and adding control and simplicity to an otherwise complicated process.

“The technology provided by the BMS team at its asset management division provides us with real time reporting and remote access to our files so we can manage activities accordingly,” said Wright. “Our number one objective as the manager of several private funds investing in distressed assets is velocity. The longer it takes for us to identify, acquire and dispose of these assets the more it impacts my investors’ return on investment. BMS is able to increase our return on investment and the ability for us to turn capital more frequently.”

For more information on BMS, which operates under the Active Data Technologies Inc. corporate umbrella, and its suite of end-to-end real estate asset disposition solutions, among many more, click here.

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ResCom Holdings
ResCom Holdings is a private equity group focused on distressed real estate (assets and debt) and alternative investments. ResCom acquires, manages and liquidates bulk Real Estate-Owned (REO) asset and whole loan pools it acquires from national banks, the major servicers and Government-Sponsored Enterprises (GSEs). ResCom currently manages approximately 3,000 single-family residential (SFR) assets and seller-financed notes across nearly two-dozen portfolios.

Broker Management Services Inc.
Broker Management Services Inc. (BMS) is a full-service nationwide Real Estate-owned (REO) management, marketing and disposition firm that operates under the Active Data Technologies Inc. corporate umbrella. It offers powerful services to government and corporate clients that enable them to oversee their real estate broker networks, as well as manage and market government and corporate assets. BMS blends an invaluable nationwide network of highly-skilled real estate professionals, best of breed technologies and patent‐pending business processes that save time and money, liquidating a high volume of assets in a short amount of time. Its clients enjoy the power to easily manage and market their REOs more efficiently with the leadership and proven track record of industry experts.

The two like-minded companies today finalized the details of the strategic alliance, which will support nationwide neighborhood stabilization and revitalization missions. Under the partnership, CounselorDirect will enhance its ability to stabilize neighborhoods faster with access to countless discounted housing opportunities that otherwise would not be available on the traditional market.

It’s a forward-thinking collaboration that is in-line with the U.S. Department of Housing and Urban Development (HUD) vision, which recently called for creative methods to dispose of a significant amount of Real Estate-Owned (REO) inventory directly to private equity investors with the goal of neighborhood stabilization.

“We see a tremendous synergy between our two organizations,” said Brad Geisen, CEO of Active Data Technologies Inc. “To get the American housing market back on its feet, we need to meet the needs of all future homeowners at all income levels. Many subsets of the housing market are well on their way to recovery; however, the housing needs of moderate- to low-income consumers are still far from being met.”

CounselorDirect works directly with several state housing agencies in the hardest-hit states, as well as non-profit organizations that work directly with consumers who aspire to purchase homes in these areas. One of the challenges the non-profit organizations face is a lack of available inventory at affordable prices for these individuals. And while Neighborhood Stabilization Program (NSP) funds are often used to offset the costs of these homes, more can and must be done.

“Historically, CounselorDirect has demonstrated increased success with government programs that rely on non-profit organizations to act as the front lines,” said Andy Firoved, CEO of CounselorDirect. “Simply adding automation, work flow and best practices through software technology, we are able to increase success considerably. We are optimistic that this new website portal partnership combined with our mutual resources will have a positive impact on stabilizing and revitalizing low- to moderate-income neighborhoods.”

Active Data Technologies Inc. already provides the critical software solutions for the banking and servicing industry that is focused on the distressed asset arena, assisting numerous companies that utilize the various technologies – online offer management, online marketing loss mitigation and asset management, among others – it has developed.

However, it is Active Data Technologies Inc.’s ties to bulk REO inventories and portfolios, whether assembled by investors or provided directly from the source (banks), that is the key to this partnership.

One that will help set the wheels of recovery in motion.

“All of our recent advancements have been focused on providing real-time solutions for the distressed housing market,” said Geisen. “We are extremely excited about the role technology is playing in every aspect of this phase of the real estate recovery cycle.”

Geisen also revealed that several existing investor clients have expressed desire to place a percentage of their inventories on this platform the moment it is ready for rollout. In addition, the partnership will also involve many other peripheral industry players who provide “buy and repair” financing, general contractors, laborers and real estate professionals, among others.

The joint venture will soon introduce a proprietary automated home appraisal and Broker Price Opinion (BPO) system that integrates interactive analytical data into a mobile platform. The new system will provide real estate professionals with an easy-to-use, modern mobile system (a desktop version will also be available) that can be accessed from their smart phones, tablets and other portable devices, while performing their valuations.

The JVI/ActiveDT platform is designed to improve data quality, as well as eliminate common entry errors and the need to communicate with the evaluator, which, in turn, will minimize costly errors and the time it takes to conduct business. Furthermore, the report will include all support data that was used or discarded in the selection of viable comparables. This will enable the client to perform their own Quality Assurance (QA) assessment, which will have significant impact on risk management costs and result in additional savings.

In short, this new technology will have a significant impact on reducing time, ensure measurable cost savings while improving data and valuation quality exponentially.

JVI and Active Data Technologies Inc. will provide a private glimpse of this new technology, which will revolutionize the way Appraisals and BPOs are completed, with select industry partners.

“JVI is thrilled to work with the team at Active Data Technologies,” said Ron Nation, President and Chief Executive Officer for JVI Solutions. “This technology will change the way our industry views the price opinion process, allowing our field partners to complete their reports in a more efficient and thorough manner.”

Nation explained that Active Data Technologies Inc. was the perfect partner choice because it shares the same vision of revolutionizing the property valuation industry. The company is a proven leader in the distressed real estate marketplace with its proprietary online offer management and asset management software, among many other flexible lender/servicer-friendly services.

“This is exactly what the industry needs right now,” said Brad Geisen, President and Chief Executive Officer (CEO) for Active Data Technologies Inc. “JVI is the right Appraisal Management Company partner to deploy our groundbreaking technology. We have seen how technology has created dynamic changes in other industries and have no doubt that this partnership will be a game changer for the mortgage and real estate industries.”

To schedule a private glimpse into the new technology please contact Erin Pruett at (321) 257-0709 or email at epruett@jvisolutions.com.

As a point of reference, we have developed proprietary technology currently in use by major Government-Sponsored Enterprises (GSEs), servicers, asset managers and investors for the timely disposition of their Real Estate-Owned (REO) and non-performing notes. We thoroughly understand the pain points that these organizations have at every level and have developed custom solutions to soothe them all.

In addition, we have formed alliances with several players in the non-profit arena to create a portal specifically for state housing agencies and non-profits to access inventory for homebuyers (non-investors) who have completed counseling. This is a major initiative insofar as the vast majority of retail real estate in the United States right now is being purchased by investors for cash before aspiring homeowners even have opportunities to bid.

Another key piece in the equation is the technology we have developed to market and sell properties in bulk to private equity investors who are required to sell off a sizable percentage to non-profits for homeownership – or – create rental stock to reduce vacancies in hardest hit areas. As a result, we have aligned several bulk investors who have committed to providing inventory through our portal for non-profits to fulfill the requirements of their purchases.

Lastly, to close the loop, we provide education for real estate professionals on all aspects of this “new” space in the distressed property arena through our The Agent University (www.theagentuniversity.com) and have boots on the ground to support the nation’s goal of neighborhood stabilization and righting the housing market once and for all.

One of our many goals while attending the MBA conference will be to speak with the major servicers about our streamlined method to get inventory directly in the hands of those individuals who will ultimately reside in the homes and neighborhoods. There are better, more innovative ways to restore homeownership. We know because we do it every day.

If you’re going to be at MBA 2012 in Orlando and want to catch up be sure to drop us a line right here so we can coordinate a time to meet in person. Of course, we can also chat before, during and/or after the show at anytime — we’re always eager and available to talk shop. We love what we do.

CONTACT US HERE.

South Florida company hires local talent to prepare for several seller, buyer and agent-facing online real estate projects

Active Data Technologies Inc. – the parent company of several successful real estate-focused websites such as Foreclosure.com and QuickSale.com, among others – today announced several new additions to its development team.

David Herman and Richard Kroll have been hired as senior developers to provide backend support for Foreclosure.com. Prior to joining the Foreclosure.com team, both David and Richard worked in similar capacities at eDiets.com in Fort Lauderdale.

The company also hired another developer for the data team, who will help maintain the Foreclosure.com database, which is the leading resource of its kind for investment-rich distressed real estate information.

And Griffith Townsend, a lead application architect, has been brought on to help program QuickSale.com, which is the industry’s most effective solution when it comes to coordinating HAFA-compliant short sale transactions in record time.

“Consider the floodgates officially open,” said Brad Geisen, President and CEO, Active Data Technologies Inc. “We have several exciting projects currently in our development pipeline that together have the power to positively shape the landscape of the housing market indefinitely. The talented crop of new employees, combined with the invaluable knowledge of our existing staff, will help keep us where we need to be, which is at the forefront of the industry.”

Active Data Technologies Inc. runs a successful operation that employs a staff of more than 40 professionals in a new state-of-the art, 55,000 sq. ft. facility that it built and owns in Boca Raton, Florida.

The company earned the distinction of being among the “Best Places to Work” from the South Florida Business Journal.

Foreclosure.com features foreclosure listings, as well as preforeclosure, short sale, rent-to-own and sheriff sale listings, among others, located throughout the United States on its website. Visitors are allowed to search the complete database of more than two million distressed real estate listings totally free for a trial period without obligation.

QuickSale℠ connects real estate buyers, sellers and agents in one convenient location. Its custom-built, lender-facing back-end workflow and back-office platform, which was modeled after a successful “sealed bid” auction system the company developed for the U.S. Department of Housing and Urban Development (HUD), delivers the smoothest, easiest and fastest distressed real estate transactions possible.

Feel free to visit Foreclosure.com (http://www.foreclosure.com) and QuickSale.com (http://www.quicksale.com) today and search for homes in your area at no cost.

Active Data Technologies Inc. recently completed the development of a custom Real Estate-Owned (REO) offer management platform for Fannie Mae that allows agents’ representing homebuyers or investors to submit online offers to purchase Fannie Mae-owned properties.

The HomePath® Online Offers system is available for Fannie Mae-owned properties in the Orlando, Fla., and San Diego, Calif., metropolitan areas and in Wayne County, Michigan. Since its launch on Nov. 10, 2010, the program has yielded positive results in the three test markets by generating a significant number of offers.

“This innovative program is a major victory on so many different levels,” said Brad Geisen, president and CEO, Active Data Technologies Inc. “Interested buyers can easily submit offers on affordable homes and Fannie Mae tracks them with the proprietary system that we built to work within the framework of HomePath.com.”

In the test markets, real estate agents are required to submit offers online on behalf of their buyers after reviewing resource materials on http://www.homepath.com/offerQuestion.html and successfully completing a webinar training program to understand the scope, submission process and benefits of the system.

Real estate professionals representing buyers are then able to connect directly with Fannie Mae’s listing agent through HomePath.com. The buyer’s real estate agent will also be able to find information on HomePath.com on possible financing and incentive options offered through HomePath that may be of interest to the buyer.

Other benefits of the program include, but are not limited to:

• Transparency and efficiency in the submission process
• Faster sales
• Competitive offers
• Secure document and data storage
• Fraud protection

“Automating the transaction process is the start of moving inventory quicker and getting the housing market on the road to recovery faster,” said Geisen. “HomePath® Online Offers is a huge step in the right direction.”

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About Active Data Technologies Inc.
Active Data Technologies Inc. is the pre-eminent technology leader in the online distressed real estate disposition/management marketplace, forging strong partnerships with major, mid-sized and minor financial institutions throughout the United States. We create custom Real Estate-Owned (REO) websites and provide a powerful around-the-clock marketing program to ensure maximum property exposure, engaging more than 6 million buyers and investors throughout the nation each month. We also develop easy-to-use backend offer management systems that servicers, lenders and other large real estate portfolio owners can seamlessly integrate into their websites to facilitate, manage and expedite the sale of REO inventory nationwide for top dollar. Headquartered in Boca Raton, Fla., Active Data Technologies Inc. powers several major real estate websites, including Foreclosure.com, QuickSale.com and HomePath.com, among others.

About HomePath®
HomePath is a registered mark of Fannie Mae. Unauthorized use of this mark is prohibited.