A new solution based on behavior modeling and optimization technology from Response Analytics now makes it possible not only to determine the value of distressed assets, but to direct their modifications so as to maximize "collectible" value, said Response Analytics Monday. The solution operates at the loan level and with the requisite data, extends to mortgage-backed securities as it does for whole loans. By applying advanced behavioral modeling and optimization technology, the company said its Distressed Portfolio Management solution can establish the optimized individualized workout for each distressed loan in the portfolio, based on terms that have a much higher probability of being met. "Until now, investors would have been taking a shot in the dark with pricing distressed mortgage portfolios and mortgage-backed securities," said Bren Lippman, CEO of Response Analytics. responseanalytics.com Loan Mod Pilot Takes off Austin Logistics Incorporated, a provider of event-based analytic solutions, in conjunction with Convergys Corporation, Bridgeforce Incorporated, and Collections Marketing Center, LLC  announced Monday the success of their combined preemptive loan modification program for one of the nation's largest mortgage banks, as they've reached out to tens of thousands of at risk borrowers and had a "surprisingly high" number of customers who responded favorably, Austin Logistics said. The program enables the bank to identify, contact, and treat "at-risk" but current first mortgage and home equity borrowers before they become delinquent. Austinlogistics.com REOTrans Reports $45 billion in REO Sold Southern California-based REOTrans reported last week that some $45 billion of defaulted-upon real estate has been sold through its online system since the company was founded in 2003. REOTrans comprises what CEO Chris Saitta calls “a powerful Workstation and Marketplace.” The Workstation is a highly configurable and comprehensive system that allows lenders and servicers to execute their REO, short-sale and loss-mitigation strategies with real-time oversight and assured compliance, according to the CEO. The Marketplace is an exchange where 6,500 sellers, 10,600 vendors, 485,000 real estate agents and 32 Midsource™ partners handle more than 150,000 successful transactions every day, the company claims. reotrans.com Loss Mitigation Decisioning Goes Automated Overture Technologies, a provider of decisioning solutions for transparent, accurate and responsive lending processes, announced last week the launch of Mozart for Special Servicing, an automated decisioning system for servicing distressed mortgage assets. “Significant loan-level data and analysis, up-front, and surgically applied is required to manage the unprecedented volume of distressed mortgages and increasing complexities of products, programs, and regulatory guidelines in the 21st century mortgage industry,” said Linda Simmons, general manager of Overture Technologies’ Mortgage Finance Solutions. Mozart for Special Servicing allows servicers to manage and successfully apply a more robust set of alternatives to borrowers in distressed mortgages, according to a statement by Overture Technologies, and more quickly yield a “best-fit” modification that can reduce repeat default rates and preserve the value of mortgage assets. Write to Kelly Curran at kelly.curran@housingwire.com. Editor’s note: Tech Roundup runs every Monday, and offers a look into the various technology that makes the entire mortgage market work — whether origination or default, through to secondary market operations. If you’ve got a tech bit that we should know about, email the reporter above.