Transcript
© 2017 NTLA and VADAR® Systems 1
From Spreadsheets to Systems – Lab 2
VADAR® SystemsJed Reitler, VP Business Development
10:30am Studio 1 Mar 2, 2017
ChallengesSpreadsheetsSystemsSolutions
Q & A
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From Spreadsheets to Systems
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“He's a genius investor, but God help his staff and his management skills.”
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Costly Office Practices
EmailExcel
Laptopsntla.com | vadarsystems.com
Challenges
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ChallengesHow efficient is your office?
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Parcel Research
Field Inspection
Parcel Analysis
LoC Payment
Raise Capital
Auction Bid Court Filing Fees
Lender Reporting
Load Acquisition
Portfolio Organization
Flags and Holds
Owner Notices Court Notices
Hold Notices
Payment Plans
Collections
Cash Flow Analysis
Assess Subsequents
Load and Integrate
Subsequents
Integration and Valuation
Analysis
Audit Discrepancies
Report Transactions to
Auditor
Rectify Lender Reporting
Load Redemptions
Review and Post Payments
Report Cash Flow Analysis
Report Redemption
Curve
Bankruptcy
Foreclosure
Title Clearing Legal Notices
Court Filing
Borrowing Base Reports
Operational Review and Audit
Bottom-Line Profit Analysis
Adjust Investment Strategies
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Challenges
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Various Statute CompliancesTracking and ReconciliationParcel Data ManagementCollections and Notices
Foreclosure and REOLegal Filing and Fees
Custodial Servicesntla.com | vadarsystems.com
Challenges
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Spreadsheets
Excel Security Vulnerabilities
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10 Spreadsheet SinkholesCost VulnerabilityConstrictive Dependence on a few constricts your flexibility
Doesn’t Scale Disproportionate overhead increases with your growth
Slow Decisions Your financial decisions require instant information
Prone to Error Common and costly errors with entry and formulas
Prone to Fraud No controls of user roles and permissions
Not Compliant Dodd-Frank and SoX require more
Not Collaborative Budget, forecast, plan in silos
Not Recoverable Lost when devices and networks fail
Not Consolidated Different analyses, reports, versions, by many users
Hard to Test Tracing formula logic takes thousands of manhours
“Free” spreadsheets come at a cost
Spreadsheets → Systems
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Systems
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Systems• System: “formulated, regular plan of procedure”
• Repeatable processes in your organization?
• Do you have data in silos or a shared system?
• Minimize your overhead costs of…
ErrorLoss
TurnoverTraining
ReportingAnalysis
Analysis Rework Audit
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Due Diligence
Acquisition
Subsequents
Legal and FeesNoticing
Disposition
Analytics
AnalyzeManageReport
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Systems
Systems
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Systems
Solutions
5 solutions to improve your system
1. Identify key stakeholders and unify their focus2. Record operational challenges to identify the easiest
and costliest to remedy3. Know your vital data elements, where they are
stored, and who controls them4. Reduce redundancy by improving communications
and interfaces between systems5. Identify resources to leverage to implement new
solutions (e.g. IT staff, software vendor, law firm)
Solutions• Enhanced cash flow
• Higher portfolio returns
• Increased revenue recovery
• Lower overhead costs of audits, information, and operations staff
Out-Compete with real-time analytics and decision making leadership
Question &AnswerSession
LienApp.com877.823.2300
VADARsystems.com
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Thank You
3 Choices
Build BuyServicer
Their Strategy
Less Control
Basis Points
Cost Over-Runs
Never Finished
IT Experts
Your Strategy
Configurable
Scalable
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Servicer
BuildBuild costs 180% more
for 1/3 of the planned design.
Acquisition Custodian Redemption Subsequents
Enforcement
Search Audit Instant Analysis Export Interface
DashboardBuy
Dashboard
1-Click Reports
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Continued from NTLA 2014
CO Investment Strategy
• Suggested “Slow Play”
• Accruing interest needs time to offset costs of lost premiums
NJ Investment Strategy
• Suggested “Quick Play”
• Longer redemption periods decrease the return offsets of the fixed penalties
Based on analysis of anonymous sales data from LienSource, SRI, and TSR
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IRR and xIRR in ExcelDate Cash Date Cash Date Cash Date Cash
1-Jan $ (100.00) 1-Jan $ (100.00) 1-Jan $ (100.00) 1-Jan $ (100.00)
2-Jan $ 101.00 31-Jan $ 101.00 31-Jan $ 101.00 1-Jun $ 105.14
IRR 1.00% IRR 1.00% IRR 1.00% IRR 5.14%
xIRR 3678.34% xIRR 12.87% xIRR 12.87% xIRR 12.88%
Date Cash Date Cash Date Cash Date Cash
01/01/13 $ (2,800.00) 01/01/13 $ (2,800.00) 01/01/13 $ (2,800.00) 01/01/13 $ (2,800.00)
02/01/13 $ 35.00 02/01/13 $ 35.00 02/01/13 $ (150.00) 02/01/13 $ (150.00)
06/30/13 $ 500.00 06/30/13 $ 500.00 06/30/13 $ 50.00 06/30/13 $ 50.00
01/31/14 $ 1,200.00 01/31/14 $ 1,200.00 01/31/14 $ 750.00 01/31/14 $ 750.00
12/01/14 $ 750.00 12/01/14 $ 750.00 12/01/14 $ 750.00 12/01/14 $ 750.00
01/31/15 $ 800.00 02/27/15 $ 800.00 01/31/15 $ 1,750.00 2/27/15 $ 1,750.00
IRR 4.65% IRR 4.65% IRR 2.70% IRR 2.70%
xIRR 12.13% xIRR 11.98% xIRR 6.49% xIRR 6.35%
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1-Year ReturnThe Same Lien Feb 27, 2014 and Today
6.72% Rate of Return
2.83% Rate of Return
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