THE 'REAL____' DEAL
ABBREVIATIONS & ACRONYMS
WHAT A YEAR!
THE LIFE OF A LOAN
JUST 'THE NUMBERS'
100
An application development framework of common components for all Altisource applications (security, user interface, monitoring, reporting).
What is REALFoundation?
100
ACH
What is Automated Clearing House?
100
Ocwen separates Altisource Portfolio Solutions.
What is 2009?
100
Once the originator sells the loan to an investor, it normally continues to collect the monthly payments from the borrower. This function is called ______________ and is generally the most profitable department for mortgage banking firms.
What is Servicing The Loan? (Also Acceptable - What is Servicing?)
100
745
What is 745 Atlantic Avenue?
200
A patented electronic invoicing and payment system that automates and streamlines the full cycle of paperless invoice presentment, approval and payment.
What is REALRemit?
200
REO
What is Real Estate Owned?
200
Altisource acquires Lender One.
What is 2011?
200
Servicing the loan typically includes functions such as (1) posting payments to a loan, (2)_____________, and (3) assisting the borrower with questions.
What is ‘sending monthly statements to the borrower’?
200
2013
When was Altisource Labs created?
300
This Altisource offering provides a comprehensive solution for collecting, indexing and digitizing documents and transforming them into fully processable information.
What is REALDoc?
300
NCI
Who is Nationwide Credit?
300
Ocwen Established.
What is 1988?
300
An Investor may decide to service the Loan Portfolio OR sell the _______________ of the Loan Portfolio.
What is ‘sell the servicing’? Or... 'servicing'
300
8600+
How many employees are employed globally by Altisource?
400
A state of the art, scalable debt servicing platform that supports multiple mortgage product types (e.g. HELOC).
What is REALServicing?
400
DMS
Default Management Services
400
Ocwen trades publicly.
What is 1996?
400
The Mortgage Banker uses funds to make more _______ and perpetuates the cycle.
What is 'Loans'
400
26th
Where does Altisource rank among FORTUNE'S 2014 100 Fastest Growing Companies List?
500
This Altisource product incorporates econometric models and scientific algorithms to predict optimal NPV outcomes for delinquent mortgages, and then utilizes consumer psychology and behavioral economics to persuasively guide distraught borrowers through complex regulatory and financial decision frameworks to choose the best, customized resolutions.
What is REALAnalytics?
500
HAMP.
What is the Home Affordable Modification Program?
500
Acquired by Ocwen in 2005, Nationwide Credit (NCI) was first established in this year.
What is 1947?
500
The Secondary Mortgage Market assists the flow of capital from surplus areas to _____ areas
What are 'deficit' areas? Or... What is deficit?
500
1.9 Million
What is the total number of Active REALServicing Loans?