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SOURCE: The Collingwood Group
New product offers an innovative risk management tool for FHA lenders and investors.
WASHINGTON, DC and DENVER, CO (PRWEB) December 13, 2012
The Collingwood Group, a top mortgage industry advisory group, together with Motivity Solutions, a leading business intelligence technology provider, today announced plans to offer members of the Lenders One Mortgage Cooperative (“Lenders One”) preferred access to its innovative new technology tool, NW-Insight. Lenders One members now have access to an automated platform that allows useful risk management insights to be converted from the Federal Housing Administration’s Neighborhood Watch database.
“Tools that help provide business analyses are critical to the success of our members,” commented Jeffrey R. McGuiness, Chief Executive Officer of Lenders One. “NW-Insight provides a meaningful breakdown of the Neighborhood Watch data provided by FHA giving our members more control over their risk management efforts and the ability to better monitor their business.”
“Staying aware and ahead of positive and negative trends in your FHA business performance has never been more critical,” said Brian Montgomery, Chairman of The Collingwood Group. “Our agreement with Lenders One creates a unique opportunity for its members to tap into Collingwood’s expertise in FHA risk management as well as Motivity Solutions' business intelligence technology. This will allow them to have real-time access to their corporate Neighborhood Watch data and more easily identify areas of vulnerability.”
Tyler Sherman, President of Motivity Solutions added, “The NW-Insight technology provides lenders participating in FHA and Ginnie Mae programs with a combination of easy-to-use web-based reports to monitor loan performance and features that identify and track default trends within an individual organization. The marketing agreement provides Lenders One members with access to NW-Insight at a discounted rate. We are pleased to provide this innovative product to help them manage the FHA compliance of their businesses and the companies they do business with."
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About The Collingwood Group
The Collingwood Group (http://www.collingwoodllc.com) is a Washington, DC-based business advisory firm focused on growing clients’ businesses, promoting revenue growth and increasing investment returns. The firm is led by Brian Montgomery, former Assistant Secretary for Housing and Federal Housing Commissioner. The firm’s other founders have held leadership positions within other organizations in the financial services industry, including the GSEs. Collingwood’s expertise spans all aspects of Agency, non-Agency and FHA/VA housing financing programs and Ginnie Mae securitization activities, among others.
About Motivity Solutions
Motivity Solutions is the award-winning creator of business intelligence technology for the mortgage and financial services industries. Its innovative, industry leading Movation Business Intelligence Platform adds true business intelligence into the mortgage process through performance driving solutions. Motivity’s business intelligence software elevates the success of mortgage banking companies by establishing a performance-driven, self-competitive, accountable and self-compliant business culture. It generates a better understanding of a company’s performance with real-time scorecards, dashboards and dynamic reporting capabilities. Founded in 2006, Motivity Solution is located in Denver, CO. For more information, please visit MotivitySolutions.com or call (800) 411-5541.
About Lenders One Mortgage Cooperative
Lenders One (http://www.LendersOne.com) was established in 2000 as a national alliance of independent mortgage bankers, correspondent lenders and suppliers of mortgage products and services. Members of the St. Louis-based platform originated more than $106 billion in mortgages in 2011, collectively ranking as one of the largest retail mortgage origination entities in the U.S. The Lenders One cooperative, now more than 240 lender members strong, is managed by a subsidiary of Altisource Portfolio Solutions S.A. (NASDAQ: ASPS).
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