Default and asset manager provider Altisource Portfolio Solutions is adding short sale and deed-in-lieu services to mortgage lenders and servicers.
"There's quite a bit of overlap with short sale transactions and default and asset management services," said Tara Williams, vice president of field services at Altisource. She will be overseeing the new short sale operation.
Altisource, with headquarters in Luxembourg, said outreach and debt collection solutions will be two services the company will parlay into its short sale operation.
"Connecting with borrowers and negotiating with second-lien holders can be two of the most challenging aspects of a short sale — and are traditionally the top impediments to a successful transaction," said Williams.
The company's short sale services offer centralized contact and life cycle management that includes borrower contact, valuation, asset management, junior lien negotiation and buyer qualification, as well as title and settlement services.
