Equator Tech Platform Chosen by Default Resource to Handle REO Properties
Default Resource, a diversified financial services company offering collateral valuation and inspections, real estate-owned (REO) management and disposition, comprehensive training, hazard recovery and related services, has announced that it would standardize its Executive Asset Management (EAM) division on a technology platform offered by Equator Financial Solutions. “We have known the founders of Equator since its inception,” said Frank Marshall, president of Default Resource. “We respect the company's leadership and we think they have a good product, so we’re happy to be working with them. We know that a former GSEs has been working on migrating to Equator's software, so it made sense for us to move in that direction as well.” Equator says its platform is the most versatile and comprehensive system available to manage and sell REO properties. Since EAM is growing and expects to see a jump in business as soon as servicers perfect their loan files and work out any chain-of-title issues, it made sense for the company to make the move to the new platform now. For more information, visit www.defaultresource.com.