Carrington, Equator Introduce REO-to-Rental Management Tool

Some mortgage technology and software providers are seeing increased demand for Software as a Service solutions in the foreclosure-to-rent marketplace.

Demand brought Carrington Technology Solutions, Aliso Viejo, Calif., and default servicing technology provider Equator Business Solutions into a new partnership that will offer RentPointe, a proprietary tool designed to facilitate diverse portfolios of single-family rental properties.

Following an exclusive agreement between the two companies Carrington’s RentPointe software will be integrated into Equator’s EQ Investor Platform.

RentPointe enables users, such as institutional investors and large-scale property management companies, to customize the software according to the needs and scale of their single-family asset management operations.

According to Carrington, it is the industry’s first SaaS product that enables real-time, simultaneous oversight of multiple property managers on a national basis.

Carrington used RentPointe as a proprietary solution for the past seven years to manage nearly 15,000 U.S. properties, said executive VP and chief information officer for Carrington, Brent Rasmussen. The new SaaS version of RentPointe “was specifically designed to meet a growing need within the single-family rental market for more efficient portfolio management.”

The Equator EQ Investor Platform adds due diligence, acquisition, asset transfer, REO-to-rental and disposition options to agents, vendors, tenants and investors using various market-specific portals of the Equator Marketplace.

The integration enables users to access both Equator and Carrington data. In short, said John Vella, COO of Equator, it offers “a better way to manage today’s larger, more geographically diverse rental property portfolios.”

RentPointe will be available for demonstration by appointment at the IMN Single Family Aggregation: REO-to-Rental Forum held at the Doral Golf Resort & Spa in Miami on April 22-23.