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FARMINGTON HILLS, MI-XSite Validation, a commercial real estate market viability analysis company, is releasing what executives believe is the first and only objective tool to evaluate the toxicity of every commercial loan in a portfolio. The analysis program will also rank performing, non-performing and REO properties from first to worst; allow quick reassessment of the concentration of types of properties; and provide a best-use evaluation of every loan in the portfolio.

“XSite’s new product is ground-breaking because its proprietary innovative technology enables XSite to aggregate and report data faster and more cost-effective than any offering in the real estate market, bar none,” partner and SVP Stuart Dorf tells GlobeSt.com. “XSite’s unprecedented aggregation abilities enable it to utilize real-time data from more than 5,000 sources and formulate it into one digestible report.”

The program just launched and has already received positive feedback from banking and real estate professionals. While XSite is based in Michigan, the company has attracted both regional and national organizations. Dorf says the company is in talks with numerous real estate and financial firms across the country. For the majority of the clients the program will launch just after labor day.

Dorf believes this analysis tool is the wave of the future, without a doubt. “XSite’s Toxic Portfolio Analysis Report provides a unique snapshot of the entire portfolio that spans not only the traditional financial attributes of the loan deal, but also considers the short-term and long-term market viability of the property while assessing the top five potential best uses of those properties in the event that theinstitution has to repurpose the property or engage a broker to sell the property.”

A typical analysis of this type could take bank personnel more than a week to compile, but the XSite analysis typically takes one business day for the entire portfolio, according to Dorf. Although that time frame does depend on the size of a portfolio.

“XSite assists in restoring asset quality, capital adequacy, earnings, liquidity and a return to intense sensitivity to market risk,” Dorf tells GlobeSt.com. “Banks now have increased capacity to start on a “road to recovery” by focusing on other non-real estate related matters, including retaining qualified management, as well as repairing investor and/or shareholder relationships to restore confidence and vitality to its bank.”

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