PRZOOM - /newswire/ -
Golden, CO, United States, 2008/12/03 - AWhere’s geo-analytics technology chosen to increase search speed and enable faster decision making for users of ReoLynx distressed real estate exchange platform.
AWhere, Inc. (AWI), the provider of geo-analytic solutions for business insight, today announced that Portfolio Matrix Partners, LLC (PMP) has enabled its online ReoLynx exchange platform with AWhere’s location intelligence functionality.
AWhere enables the real estate exchange platform with substantially reduced search times and the ability to not only dynamically plot the location of individual properties, but also carry and present relevant data on the map, creating a data-rich user experience and enabling faster decision making.
ReoLynx is the first national online exchange to facilitate liquidation of the oversupply of foreclosed homes now held by financial institutions. The exchange platform enables affected institutions to anonymously expose inventory of foreclosed real estate to qualified institutional buyers in a transparent and competitive environment. The platform is designed to make transactions quick and cost-effective, and serves the mutual interest of: institutions holding Real Estate Owned, R.E.O., real estate investors, and community-based housing agencies.
“The addition of AWhere to the ReoLynx platform directly supports our commitment to provide, transparency, efficiency, and enhanced service to all participants,” explained B. Christopher Wiley, ReoLynx co-founder. “Using geo-analytics, qualified institutional buyers can select from thousands of homes that meet their investment objectives with the click of a mouse.”
“The speed at which insight is gained using geo-analytics is unique and we are very pleased to be in adding our technology to ReoLynx’s groundbreaking business model,” said John D. Corbett, PhD, CEO of AWhere, Inc.
About AWhere, Inc.
AWI (awhere.com) develops and provides location intelligence solutions to businesses for users seeking rapid, actionable, quantitative insight from geospatial data analysis. AWhere’s collaborative geo-analytic platform empowers all members of an organization to interact with their data, thereby enabling insight at the point of decision making. Headquartered in Golden, Colorado, AWhere has customers worldwide.
About Portfolio Matrix Partners, LLC
Portfolio Matrix Partners specializes in creating arrangements and relationships that constitute the three pillars of successful trading communities: Liquidity, Transparency and Execution. From concept through engagement, PMP helps organizations assess opportunity, participation and critical dependencies in accordance with strategic objectives.