Channel, LLC develops Web based transaction management and asset management software for the mortgage servicing industry, real estate investment firms, banks, financial institutions, asset management companies, and other service providers to manage and liquidate their real estate assets by automating and standardizing the workflow and tasking. It offers Channel Soft, a transaction management system that handles various types of transactions; Channel Auction, a private label auction technology for companies to manage their own auctions; Channel Direct, a private label marketing technology; Channel LMS, an online learning management system; Channel Reporting, which analyzes and provides customizable reports; and implementation and integration, and reporting and analytics services. The company was founded in 2005 and is based in Newport Beach, California. Channel, LLC operates as a subsidiary of Auction.com, LLC.