Statebridge Company Selects Equator® to Support Growing REO Asset Management Operations

Core Insights - Statebridge Company has selected Equator, a SaaS platform by Altisource, to manage its REO operations, indicating a strategic move to enhance operational efficiency in managing residential and business purpose real estate inventory [1][3]. Group 1: Company Overview - Equator is a leading SaaS platform that facilitates end-to-end residential asset management by connecting servicers, investors, real estate agents, and vendors, promoting collaboration and efficiency [2][5]. - Altisource Portfolio Solutions S.A. is an integrated service provider for the real estate and mortgage industries, offering innovative services and technologies to meet market demands [4]. Group 2: Platform Features and Benefits - Equator aims to reduce risk, lower operating costs, and improve portfolio performance through real-time visibility and a unified system for real estate operations [2]. - The platform supports scalable operations across in-house, outsourced, and hybrid models, which is crucial for managing increasing inventory effectively [3]. - New AI capabilities have been integrated into Equator to enhance efficiency and provide stronger portfolio insights, reflecting the company's commitment to modernization [3].