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Exceleras Provides Software Platform for Innovative REO Offering

Exceleras Provides Software Platform for Innovative REO Offering

Through a partnership with M2, the firm's technology is revitalizing America's neighborhoods

 

GLENCOE, IL -- October 24, 2016 -- Exceleras, creator of the DispoSolutions Real Estate Owned (REO), ValueSolutions Collateral Valuation and ClearView Offer Management platforms, announced today that DispoSolutions is now a core element of a new services and technology offering made available to nonprofit community organizations nationwide through a partnership with M2 Asset Services LLC. The result is a complete default and asset management solution that will allow nonprofits to manage real estate, giving them the power to acquire, rehabilitate and sell real estate in order to rebuild their communities.

 

"We are thrilled that our friends at M2 had the foresight to include our technology in a program that will have such a beneficial impact on communities all across the country," said Exceleras President and CEO Michael Harris. "For the first time, community-based organizations will have the power and the connections required to heal neighborhoods. If used correctly, the new platform could even make these organizations self sufficient. But that's just the beginning."

 

"From our perspective, this is a great opportunity for individual real estate investors to participate in the rebuilding of our communities, and earn a good return while doing it," said Donald Maxwell, Managing Partner at M2and former Director of Fannie Mae's National Property Disposition Center. "This new approach accomplishes two things. First, it allows nonprofits to make more money with their services by having scale and access to the funding required to acquire these properties from sellers, like so many cities that currently own them. Secondly, it puts more people who deserve to be homeowners into homes of their own."

 

Maxwell pointed out that many non-profit organizations around the country have fewer resources and are finding it difficult to deliver services. They need a source of income that's sufficient to allow them to continue to serve their communities. Putting them in control of the assets and then equipping them with a national network for the financing, preservation, rehabilitation and marketing of those assets is a win for all stakeholders.

 

M2 is currently operating pilots with its new platform in Michigan, Texas and Georgia. Maxwell says the system is working and the new model may soon be expanded to other communities across the country.

 

"Our technology platform combined with the vast network that M2 Asset Services brings will change everything for the non-profit organizations that gain access to this offering," Harris said. "We're very proud to be a part of this important program."

 

About M2 Asset Services, LLC

M2 Asset Services, LLC (M2) is a full-spectrum default and asset management company providing industry leading services and solutions. M2's seasoned and experienced management team has over 50 years of management experience in the asset loss mitigation, REO asset management, accounts receivable, default management, and component servicing space. This certified 8(a), Woman Owned, Minority Business Enterprise (MBE) has been streamlining business processes for Client partners and financial institutions including GSE's, HUD, banks, loan servicing firms, and mortgage companies with nationwide business solutions. The Principals of M2 Asset Services, LLC (M2), having been responsible for the disposition of more than 50,000 residential REO's, associated with both high and low dollar valued properties. M2 Asset Services, LLC understands the characteristics and resulting economic challenges these assets represents to both the servicers and the neighborhoods where they are located. Find out more athttp://m2assetservices.com.

 

About Exceleras

Exceleras, formerly Default Servicing Technologies (DST), Glencoe, IL, is a premier provider of web-based automated tools used by mortgage servicers and asset management providers to efficiently manage and value REO properties. DispoSolutions was engineered to help maximize performance throughout the REO servicing process. It combines complete workflow management for all phases of property management from initial default through final disposition of the real estate owned. The platform integrates easily with all major servicing platforms to provide a single, reliable portal for enhanced communications between all parties involved in the transaction, while ensuring full compliance and accountability. DispoSolutions offers built-in process checks that ensure accurate and complete information to help servicers make better, more informed decisions. It also provides easy access to quality service providers across the country, from appraisers to attorneys. The firm's national vendor database includes ratings to help servicers make better, more accurate decisions. Exceleras also offers the industry's most advanced and fully automated online valuation management software, ValueSolutions. Find out more online at http://www.exceleras.com.

 

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Media Contact:
Rick Grant
RGA Public Relations
570-497-5850
rick.grant@rga-pr.com

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