We are pleased to announce the spin-off of our technology related services, Array Technology, LLC, from our core loan sale advisory business.
When FFN needed data extracted from thousands of documents coming from multiple sources, its innovation and technology team developed proprietary software which images, imports, indexes, organizes and compares documents and data. The resulting technology saved the company hundreds of hours of labor and potential data entry mistakes. FFN determined other industries could use the technology offerings.
It’s ridiculous to expect highly trained professionals to reenter data and manually name documents, yet there wasn’t this type of technology on the market. The strategic separation of our advisory and technology areas will allow each to optimize their business goals and be well positioned to deliver growth in the future. The decision to spin-off Array was possible due to our success in growing FFN over the past 25 years.
Array Technology (www.arraytechnology.com) has a patented solution called Constellation™ and is actively developing a suite of other technology solutions to better manage high volumes of documents and data. Array is marketing Constellation as a customizable solution for data and document organization challenges for financial institutions, special servicers, governmental entities, law firms, litigation support groups and other industries.