Skip to main content

Equator Tech Platform Chosen by Default Resource to Handle REO Properties

NationalMortgageProfessional.com
Oct 19, 2010

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.  
Published
Oct 19, 2010
Rocket Launches Visa Signature Card

Rocket says its first-of-its kind credit card will help clients save on home purchases and homeowners pay off mortgages.

Guild Mortgage Acquires Cherry Creek Mortgage

Terms of purchase not disclosed; reverse mortgage volume added to Guild.

Mar 14, 2023
Vigilance, Dedication, And Commitment Forge Legends

Submit a nomination for Mortgage Banker Magazine’s Legends of Lending.

Mar 10, 2023
FTC Moves To Block Black Knight, ICE Merger

Says it 'would drive up costs, reduce innovation, and reduce lenders’ choices.'

Mar 09, 2023
Rocket Arms Brokers With Bully Shield Vs. UWM

Rocket covers penalties and court fees for brokers who want to get out of United Wholesale Mortgage’s ultimatum contract. 

Feb 06, 2023
Top Texas Originator Sees No Surrender To 2023

Big cities will determine the battle

Jan 26, 2023