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SOURCE: The Collingwood Group
Alliance will help bring valuable technology tools to departments or regulatory agencies charged with regulating FHA lenders.
WASHINGTON, DC and DENVER, CO (PRWEB) January 24, 2013
The Collingwood Group, a top mortgage industry advisory group, and Motivity Solutions, a leading business intelligence technology provider, today announced that they had named AITHERAS, LLC, a provider of business services and technology to departments and agencies of the Federal Government, as the exclusive value added reseller of their innovative technology tool, NW-Insight, into the federal government sector.
The NW-Insight technology provides automated access to critical business intelligence on the Federal Housing Administration’s (FHA) Neighborhood Watch database. Using the tool, key mortgage industry stakeholders have at their disposal a combination of easy-to-use web-based analytics, including dashboards and scorecards, to monitor FHA loan performance and to identify and track default trends within an individual organization. Through the use of this technology, FHA lenders, Ginnie Mae issuers and servicers, and warehouse lenders will now have at their disposal a powerful risk management tool that will enable them to proactively manage and monitor the FHA compliance of their businesses or the companies they actively do business with, including the performance of their correspondent lenders and third party originators. By using NW-Insight, users can better avoid potential Credit Watch and Direct Endorsement terminations through alerts and ad hoc scenario planning.
“Tools like NW-Insight, that can enhance the business analytic capabilities available from FHA’s Neighborhood Watch database, are essential to ensure that the community of FHA lenders, Ginnie Mae issuers and servicers as well as their warehouse lenders and investors are proactively monitoring their businesses and effectively managing risk,” said Brian Montgomery, chairman of The Collingwood Group. Montgomery continued, “through this relationship with AITHERAS, we intend to make this important private sector technology innovation available to the federal departments or regulatory agencies charged with regulating the business activity of FHA lenders, issuers and servicers.”
“NW-Insight combines the deep industry insight of The Collingwood Group and the technology innovations of Motivity Solutions to create an on-demand, automated reporting tool that will allow FHA stakeholders to capture and analyze key data from FHA’s Neighborhood Watch database, and we look forwarding to leveraging our deep government experience to drive adoption and use of this tool within the federal government,” said Andrew Milisits, Managing Partner of AITHERAS.
For more information on pricing or to schedule a live demonstration, companies can visit the product website at http://www.nw-insight.com.
About The Collingwood Group
The Collingwood Group 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.
AITHERAS, LLC, an SBA certified 8(a) Small Disadvantaged minority owned enterprise, is a leading services provider of business services and technology solutions to the United States Federal Government. Founded in 2002, AITHERAS is headquartered in Rockville, Maryland and is led by executives with nearly three decades of proven experience selling solutions and products into the federal government. The firm’s recent work includes the successful completion of a project to provide record scanning and document management support to Arlington National Cemetery (ANC). The ANC project involved conversion of burial records of various sizes and ages into digital format and indexing of the records with metadata related to the deceased individual.
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