Page 3 - EDM Xit2Asset Management Service Brochure Sample

The Repossession Exchange

The xit2 Repossession Exchange manages notices receipt of details, confirms receipt
the transfer of information between parties by contractors and possession or otherwise
involved from where a court order has of property.
been obtained to the time the property
is placed on the market. It co-ordinates Key Features include:
interaction of litigation departments, estate
agents, asset managers, valuers, contractors • Web based system that can be accessed
and conveyancing solicitors. securely anywhere and anytime.
• Ability to integrate with lender and third
The system is a 24/7 web based platform party supplier systems.
enabling lenders in-house litigation depart- • Automated distribution rules based on
ments and external panel solicitors to either clients requirements.
instruct repossessions online, or via interfaces • Automated acceptance and
and data downloads. confirmation of instructions, therefore
no cases are missed.
The exchange is a central database, receiving • Hands on allocation control and
repossession instructions and cancellations management of third party suppliers.
electronically and notifying the relevant • Full audit history on every instruction to
parties automatically. At all stages of the help support TCF.
process the exchange tracks the instruction, • Independent at a glance online MI.

The LPA Exchange

The xit2 LPA Exchange allows lenders to Performance MI and reporting is produced
instruct a panel of LPA Receivers to act for both the Lender and LPA Receivers, both
on their behalf regarding rental properties online and by email.
in arrears. Each instruction is sent to an
individual LPA Receiver based upon a series Key Features include:
of pre-agreed allocation rules.
• Web based system that can be accessed
As the receiver progresses with each securely anywhere and anytime.
instruction, the intelligent workflow system • Flexible allocation engine.
facilitates and encourages feedback to • Full audit trail of case history.
the lender, allowing the lender to monitor • Intelligent workflow system.
the status of each account without • Comprehensive suite of management
constant phone calls and emails between information.
the parties. • Electronic invoicing system.

The Arrears Management Portal

The xit2 Arrears Management Portal helps Also included is a feature to allow debt
mortgage lenders work with a panel of counselling firms to ‘quality check’ the
arrears counsellors who carry out detailed reports before they are returned to the
and verified assessments of borrowers’ lender.
current financial situations. The web-based
platform will help lenders give borrowers Key Features include:
support and counsel, tailored to their
individual financial circum-stances in • Web based system that can be accessed
accordance with TCF and the Mortgage securely anywhere and anytime.
Pre-Action Protocol. The system provides • Full audit trail of case history.
a clear auditable trail allowing lenders to • Wide range of panel management tools.
demonstrate delivery of key processes. • Comprehensive suite of management
It also collects, transfers, and stores information.
customers’ data securely. • Automated invoicing system.