REO Services

REO Services

Our close working relationship with Yellowbrick Real Estate Services (www.yellowbrick.com) provides clients with a nationwide network of vetted REO brokers within proximity of a subject property. The Yellowbrick network provides lenders with a state of the portal and solutions for the following REO needs:

  • Oversight and management of eviction and redemption processes
  • Negotiate Cash for Keys program to expedite sales cycle
  • Oversight for property clean out and storage of personal property
  • Secure residence and re-key access
  • Order Listing Broker Price Opinion
  • Order secondary market valuation and likely selling timeframes from a vetted third party  
  • Accurate reconciliation of all market date to prepare Asset Marketing Plan to include "as is" and quick sale value
  • Asset Market Plan to include recommendations for required health and safety repairs including hazardous materials
  • Monitor all sales activity and make necessary marketing recommendations to generate greater sales activity
  • Diligent review and negotiation of all offers received by experienced REO asset managers within prevue of delegated authority
  • Full oversight of closing function including contract review within limited POA, title procurement with curative assistance, closing agent coordination and facilitation
  • Review and pre-approval of Closing Disclosure/settlement statement for accuracy
  • Online electronic funds transfer to accelerate proceeds dissemination
  • Creation of electronic monthly report card of broker network to measure performance standards and take corrective action where required
  • Creation of daily activity reports for management of day to day operation of Asset Manager
  • Full suite of daily, weekly, and monthly monitoring reports to identify strengths and weaknesses by Asset Manager, Broker, asset type, geographic area and several other variables to insure maximum productivity from operation
  • Daily web-based client access of owned portfolio to include pipeline management statistics for month, quarter and day of acquisition at the pool level