REO
Imagine a REO system built with today’s market in mind. It’s easy to use but sophisticated enough to manage numerous real-estate owned property scenarios quickly and efficiently.
With the influx of foreclosed properties the last thing anyone needs is an incomplete technology solution. Unfortunately, most of the available solutions still require manual use of spreadsheets or they offer only property management services.
MortgageFlex offers comprehensive, stand-alone or hosted solution in a SSAE16 certified data center. Created using the latest Microsoft .NET framework, REO provides:
- User access via the web—anywhere, anytime
- Reports that are available real-time and ad hoc reports that can be created on virtually any field in the data base
- Tracking and analysis for repair and Improvement costs
- Detailed Vendor module that includes ratings, history and comments area
- Property valuation tracking and account tracking
- Claims Tracking screens to ensure claims are prepared and paid in a timely manner
- Sales Analysis - Gain Loss Calculation - System calculates the actual Gain Loss on the property.
- Users can print documents to present to Investors and Management
- Property Cost Basis Review—calculates and provides a running cost balance