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REO Update: RES.NET Launches Asset Strategy Tools

dRES.NET, a leading company within the mortgage industry connecting all facets, from vendors to consumers, announced the availability of a new suite of asset strategy tools designed to maximize return on investment through the analysis of each asset. The first phase of its new tools was launched and announced Monday during the opening day of the 2017 Five Star Conference and Expo, held in Dallas, Texas.

“We understand how critical it is to identify the right liquidation strategy in order to maximize the return on every REO asset,” said Keith Guenther, CEO of RES.NET. “Working closely with our clients and taking their input into consideration, we identified two powerful ‘Plugins’ that integrate directly with our REO portal, providing real-time geographical MLS, repair and comparable data. This data enables decision makers to perform analysis on each asset, determining maximum return on investment, and in turn, decide on the the best liquidation strategy to maximize recovery.”

Currently, the best liquidation strategy for assets is determined through a real estate agent, bulk sales, or rental. The new tools consist of two modules: a MLS and Images Plugin, and Repair Management Plugin. Phase two of the Asset Strategy Tool aims to provide an integration and single sign on with direct access to repair estimates and a comprehensive MLS report that includes listing and sold comps, all without ever leaving the RES.NET portal.

The Repair Management module is multi-faceted, including: a cost estimation tool with an extensive pricing library, a workflow management tool, a forms builder for customizable inspection forms, and additional products providing property analytics from aerial imagery and remote-sensing data.

With the MLS and Images Plugin, users have the option to best determine liquidation strategy adjustments, as well access MLS listed and sold comps, automated confidence scoring and view configurable AVMs, historical subject, and interior comp photos.

About Author: Joey Pizzolato

Joey Pizzolato is the Online Editor of DS News and MReport. He is a graduate of Spalding University, where he holds a holds an MFA in Writing as well as DePaul University, where he received a B.A. in English. His fiction and nonfiction have been published in a variety of print and online journals and magazines. To contact Pizzolato, email joseph.pizzolato@thefivestar.com.

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