REO Asset Managers

REO Asset Managers are challenged by the volume of distressed properties under management. Processing staff have few tools and are forced to manage activities one at a time, leading to inefficient preparation for sale, slow response to purchase offers and doubt over acceptable pricing.

DepotPoint solutions help Asset Managers process and market distressed properties more effectively, leading to faster transactions and optimal recovery.

REO Module, together with the ForeclosurePoint marketplace, creates an integrated solution that maximizes sale preparation, marketing and transaction efficiency, leading to collapsed recovery times with the highest return. The system automates and tracks all the required activities and creates a single point of communication and document processing along with an integrated directory of qualified local listing agents which ensures each property gets maximum attention.

Industry Challenge

Solution

The technology to manage REO properties is cumbersome, slow and hard to use. Marketing methods are inefficient and they must be distressed-property specific.

REO Asset Managers need to significantly increase the numbers of properties managed to meet outsourcing demand from banks/beneficiaries. Yet banks are challenged with pricing, and servicers have few tools, ultimately adding time, running up the cost of managing a property and lowering the final price achieved.

As more firms enter this market or expand their capabilities, tools are required to efficiently expand processing capabilities and address the demands from portfolio holders. Optimal recovery processing, intelligent decision making and faster transaction response is crucial to the clearing of distressed inventory.

TrackPoint REO Module — An automated workflow tool that efficiently processes REO properties nationwide incorporating a specialized local agent network. Learn more >

  • Optimizes vendor and task assignment with dynamic calendarization and critical path vertical processing that collapses disposition times
  • Digital document processing, centralized communication, vendor management, automated BPO scheduling and purchase offer processing
  • Efficient visibility of portfolio status, pricing analysis, and support of offer acceptance
  • Built-in data driven intelligence improves performance monitoring and decision making, as well as modeling for mark-to-market pricing
  • Qualified REO Listing Agent Network — experienced attention and focused marketing

ForeclosurePoint An open distressed property marketing platform that improves transaction efficiency by providing a unique set of resources to real estate professionals and buyers. Learn more >

  • Online marketplace that features free nationwide foreclosure property listings, with property addresses, filing dates, bid details, satellite images, and other property details
  • Real estate professionals and buyers can easily search and research distressed properties available for sale
  • Loan holders benefit from the broader exposure of properties, resulting in faster return on assets through pre-foreclosure short sales, foreclosure sales and REO sales

Contact Us

For more information or to schedule a demonstration Call 1-866-841-5641

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What Others Are Saying

“Answers to the many inefficiencies that plague the property foreclosure process”
- Real Estate Technology News