Some asset management companies and lending institutions have their own REO portals you should apply with. It's Free and will get you in their system. These links are usually hidden from public view or advertisement, but our relationships allow us to collect them all. Here are a few we recommend you start with.Precision Asset Management - RegisterAsset Services, Inc. - RegisterBrighton REO - Register
Asset Managers can use REOIndsutryDirectory.com to find REO Agents nationwide. Every Agent's profile has a full description of their experience services, website, training, and associations that they are a part of. You'll see service areas. In addition, we verify our featured partners and list them at the top of the search results, where you can see their exact distance to the REO asset or BPO property being assigned. In other others, REO Industry Directory makes it easy for asset managers to search qualified REO brokers, agents, and vendors who can get the job done!When you search our directory, you'll first be directed to our Hybrid View (Large Map and Quick View). You can also view REO experts by our Summary View (More info, less Map). In either case, we empower banks, lenders and asset management companies to quickly find the best REO pros for the job.Search REO Agents
Hello again,We wanted to share this audio report from an LPS asset manager who has some fantastic first hand knowledge of the REO market and the new REO inventory that's on it's way this year. LPS reports the national delinquency rate hit 8.15% as of last month. A few months ago, we reported to our members that foreclosures had been drying up due to default reviews, loan modification attempts, and new state and federal regulations, and that's precisely what this Asset Manager is reporting as wellin this audio report. The result was a backlog of pending foreclosure listings that were slowed down by these efforts, but as you'll find in this audio report, that's all about to change... Listen to the Asset Manager Audio ReportAccording to the new report, the month to month Delinquency Drop that we experienced in 2011 has come to a halt, and inventories of troubled loans remain significantly higher than pre-crisis levels across the board. Stay tuned for more news on this topic later this week...
Visit our Testimonials Page to see what people are saying about REOIndustryDirectory.comOur formula is simple. We make it easy for bank managers, asset management companies, and BPO companies to identify local REO agents and assign them bank owned listings, BPOs and more. See testimonials from REO agents, brokers, vendors and asset managers. See Newest Member Testimonials Have you received BPO assignments or REO listings from asset management companies or BPO companies? If so, we want you to share your success story with the rest of us. Don’t be shy, tell us what business you have gained and if it’s led to a continued line of new REO business or not. Thank you for taking the time to share. Share your success story with us here.
In recent years, banks have become increasingly more efficient as they continue to improve their practices and learn from their previous mistakes.A bank enlists asset management companies to help them manage the REO asset’s liquidation. Their goal is simple, which is to find the most qualified professionals who can sell their REO listings for the highest net dollar amount and in the shortest amount of time. When banks were first flooded with the inventory of loans defaulting and having to foreclose on millions of people in a short amount of time, they settled for just about any help they could get. They were too busy to be efficient. They’d assign 1 single real estate broker over 100 listings at a time, even though the agent might be 20-100 miles away from the asset. Asset managers have finally put it together. The best way for them to get maximum value for their bank clients is to use the closest and most knowledgable REO brokers, agents and vendors to the asset itself. It’s smart on their part because an agent that lives around the corner is a much better representative for you, and knows the property conditions in that area much better than a guy who lives 50 miles away. Search REO Brokers