RES.NET Launches Asset Strategy Tools for REO Portal

MLS modules, Repair management enable asset analysis maximizing ROI

DALLAS--(BUSINESS WIRE)-- RES.NET, a technology platform allowing mortgage banking companies, vendors, consumers and other parties to communicate around a transaction, announced the availability of a new suite of asset strategy tools designed to maximize return on investment (ROI) by performing powerful analysis on each asset. The first phase of its new tools were launched and officially announced this week during the 2017 Five Star Conference.

“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, a wholly owned subsidiary of USRES. “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 ROI analysis on each asset, and in turn, determine the best liquidation strategy to maximize recovery.”

Today, analysis can be performed on each asset to determine the best liquidation strategy including REO liquidation through a real estate agent, bulk sales or rental. The tools consist of two modules: a MLS and Images Plugin and Repair Management Plugin. Phase two of the Asset Strategy Tool will 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 includes 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 can select relevant comps for liquidation strategy adjustments, access MLS listed and sold comps, access automated confidence scoring and view configurable AVMs, historical subject and interior comp photos.

RES.NET offers an all-encompassing technology suite for servicers, investors, lenders and hedge funds. Integrating features such as workflow management, tasking, messaging, reporting, and document sharing with flexible customization enables the company to provide efficient, tailor-made solutions to its growing customer base. The company’s customizable platforms provide forward-thinking tools to manage entire processes or segments, while optimizing communication, automating tasks and centralizing data.

About RES.NET

RES.NET, established in 2003, is a subsidiary of USRES and provides a variety of specialized technology portals designed for various aspects of the real estate industry. Each portal integrates mortgage banking companies, real estate brokers, asset management providers, third-party service providers, homeowners and buyers. Through these portals, RES.NET users can each access a single platform to optimize communication and streamline processes. The portals deliver a customizable, automated workflow and centralize data and documentation to create a continuous audit trail and repository. For more information about RES.NET visit its website at www.res.net.

About USRES

Celebrating its 25th year in business, U.S. Real Estate Services, Inc. (USRES) offers an array of financial support services for valuating and liquidating real estate assets, such as broker price opinions, appraisals, rental surveys, value reconciliations and data-driven valuations. USRES also provides extensive liquidation services such as REO disposition as well as supporting services, including HOA management, eviction management and property tax coordination. For more information about USRES, visit its website at www.usres.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170918005887/en/

For RES.NET
Catherine Laws, 678-781-7206
[email protected]
or
Anna Stanley, 678-781-3026
[email protected]

Source: RES.NET

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