Developer Launches Portfolio Software
San Diego-based software developer xplair Technology launched a Web-based residential mortgage portfolio management platform to provide asset data and analytics to financial institutions. The software provides direct feeds to loan and real estate owned (REO) asset data, along with comparative analytics, risk metrics and interactive charting. The software uses a customizable “dashboard” that provides real time portfolio information on a broad or granular level. “This system also creates a new level of transparency and accountability between investor and servicer," Jill Parker, xplair managing director, said in a statement. "Users can communicate with and create workflow for the servicer or individual managing a particular loan or segment and track performance over time by creating static pools of assets,” she adds. Write to Austin Kilgore.