DRI Management Systems Inc. has released an easy-to-use and cost-saving tool that automates the process of resolving real estate-owned (REO) assets. DRI Broker facilitates real estate agents' direct, electronic communications with REO departments, enabling asset managers to accelerate resolutions and lower servicing costs in every phase of the REO process. Additionally, the software is designed to work on servicers’ internal systems, supporting standard industry formats and protocols, or as part of the award-winning DRI Office platform.
“Automating as many of the otherwise-manual processes as possible completely raises the bar on productivity levels,” said DRI Management Systems Inc. Executive Vice President and Chief Operating Officer Fred Melgaard. “Asset managers connect quickly and easily with brokers, and because DRI Broker is accessed online, it goes wherever the broker can connect to the Internet.”
The DRI Broker bi-directional link provides secure, instant communication from the system to real estate brokers, including the transmission of asset data and all appropriate attachments. The ability to issue and send tasks to broker work queues and track their progress from start to finish brings unequaled control to the process.
DRI Broker’s interface features multiple core functions and tools, including offer and counter offer management. The pre-marketing functions help track occupancy and evictions, valuation requests, relocation assistance and other agreements. Property preservation steps are managed, along with rental income and expenses, as well as all phases of the listing and marketing process.
“DRI Broker is a tremendous tool when used with existing systems,” Melgaard said. “It’s even better when used with the full capabilities of the DRI Office platform. Everything works together, sharing information and triggering workflows, notifications and service orders as predefined by the client. DRI created this technology category over a quarter century ago, and we have never ceased to innovate."