Altisource Portfolio Solutions, an end-to-end provider of products and services for the mortgage industry, has announced that consumer loan servicing firm First Associates Inc. has implemented Altisource’s REALRemit, an automated e-commerce invoicing and borrower payment portal solution, to manage its accounts payable and borrower loan payments. By implementing this solution, First Associates has established the invoicing and payment foundation to support and accommodate its high growth as well as the multiple asset classes it handles.

“Managing customer and vendor invoicing and payments can be very time consuming and tedious,” said Doug Henkel, chief executive officer of First Associates. “If a company doesn’t have a system that can accommodate expanding activity levels, the entire business operation’s growth can be compromised. Since we’re in a high growth mode servicing multiple asset classes, we needed a solution that was powerful enough to keep us ahead of the curve.”

“We gave Altisource our ideal list of what we wanted and they made it happen,” said Henkel. “There’s a big difference in how each of our asset classes is handled, and I’m used to having to educate technology vendors on the nuances of the business. That was not the case with Altisource, which saved us a huge amount of time and money in getting the system up and running.”

For more information, visit www.altisource.com or www.1stassociates.com.