DS News - U.S. Bank

42 Property Preservation Guide Property Property Preservation Guide SPECIAL ADVERTORIAL SECTION KEY PERSONNEL Sean Ryan CEO Edmond Buckley President Mike McAuliffe COO John Gannon CFO Niamh Hennessy SVP Professional Services END-USER CATEGORIES » Service Provider AREAS OF EXPERTISE Technology and Management Solutions for: » preservations » inspections » vendor management & compliance » conveyance management » hazard claims » REO and short sales » broker and agent solutions » third-party data » any default management property-related process CONTACT Sean Ryan CEO 240.345.3430, ext. 6201 Sean.Ryan@AspenGroveSolutions.com CORPORATE DETAILS: 5100 Buckeystown Pike, Suite 250, Frederick, MD 21704 | 240.345.3430 AspenGroveSolutions.com COMPANY DESCRIPTION Aspen Grove's Property Servicing platform is unique to the industry. Aspen's solutions increase compliance, decrease risk, reduce costs, improve quality, and are easy and quick to implement. By focusing on solutions to manage everything to do with the property asset while complementing loan servicing, Aspen is revolutionizing default servicing. Servicers have a single view of everything that happens on the asset level, no matter which third-party vendor or internal team member carries out the work. BUSINESS LINES, SERVICES, AND PRODUCTS Ten years after the financial crash, managing a defaulted loan resembles battling through the jungle without a map. Danger lurks in the undergrowth, third parties control your survival tools, and defaulted assets drain the profits from performing loans. Aspen's property-servicing solutions give asset owners complete visibility of everything property related, returning control of data, vendors and compliance, work management, claims, management, cancellations, critical data management, allowables and pricing, and much more. COMPETITIVE ADVANTAGE Property Servicing Platform Aspen's property-management platform integrates with your servicing platform and other back-office applications. It focuses on the asset and not the loan, allowing servicers/asset owners to retain control and manage NPLs effectively. This approach slashes default processing costs and leakage and helps servicers hold on to their hard-won profits. Our property servicing uses a single platform for property-related data that is maintained and updated with key information in real time or near-real time, implements standards across the supply chain, allows every member of every department to work in one system, integrates to the servicing platform, ensures key dates are not missed, and houses and drives all the investor rules. This solution drives efficiencies, reduces leakage, enables compliance, manages vendors and service quality, integrates to services such as property registration or loss mitigation, captures data upfront for claims processing, and ultimately leads to a smooth, normalized default servicing capability and management. Talk to us today. Property Preservation Aspen's property-preservation capability delivers the visibility required to ensure assets are maintained in accordance with investor rules and pricing allowables. Specific pricing configurations within the module allow pricing to be managed by client, investor, region, and vendor, giving every supply-chain layer full control of bids, allowables, and overallowable sign-off. All data and photos are captured. All work is agreed and signed off, so making a claim is straightforward. No more billbacks or scrabbling in vendor systems for data. Your vendors will be delighted to free up their contingency liability funds to better recruit and train their boots-on- the-ground network of vendors. Industry-Standard Background Check Aspen Grove revolutionized the mortgage field- services industry by introducing the first and only industry-backed, fit-for-purpose standardized criminal background check for mortgage field-services personnel. Now widely adopted, it allows field-service personnel to work for multiple clients and work for providers with just one background check. Vendor Compliance Proof of Compliance and Proof of Service offerings for any mortgage field service prove the service provider complied with the standard check and that they attended the property at the date and time of service. This blend of solutions boosts compliance, reduces fraud, enables lower-cost standard for service providers, makes neighborhoods safer, reduces costs and overheads, and helps with vendor management. STATS » Aspen's Property Servicing Portal processes more than 1 million work orders monthly, including 700,000 inspections and 300,000 preservation orders. » Aspen's platform includes more than 3 million properties. » Aspen's clients have disposed of assets worth around $100 billion using the Aspen platform. » Aspen's platform ensures the compliance of over 30,000 vendors. » Some 23 million photos have been uploaded on the platform, and 100-plus new photo attachments are added each minute. ASPEN GROVE SOLUTIONS (ASPEN)

• Cover