New Software Released for Marketing REO Properties – NMP Skip to main content

New Software Released for Marketing REO Properties

NationalMortgageProfessional.com
Jul 18, 2011

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."
Published
Jul 18, 2011
KBRA Assigns Preliminary Ratings To CSMC 2022-NQM1 Trust

Kroll Bond Rating Agency assigned preliminary ratings to CSMC 2022-NQM1, a $553.7 million non-prime RMBS transaction sponsored by DLJ Mortgage Capital, Inc.

Non-QM
Jan 25, 2022
Hunt Mortgage Appoints Chief Operating Officer

Bindiya Jain previously has served as a vice president at South Shore Bank and at UniBank for Saving. 

Industry News
Jan 25, 2022
Guild Mortgage Names VP Of Marketplace Diversity Strategy

Guild Mortgage named Victoria Garcia DeLuca as the company's vice president of marketplace diversity strategy, which is aimed at increasing homeownership among minorities and underserved markets.

Industry News
Jan 25, 2022
Deephaven Introduces Jumbo-Prime Loans

Non-agency/non-QM Deephaven Mortgage announced a new jumbo-prime loan product, as it looks to help mortgage banks and brokers compete for high-net-worth borrowers.

Jumbo
Jan 25, 2022
Rocket Mortgage Brokers Now Backed By A Crew Of Experts

Every broker partner with the company will have direct access to a small, dedicated team of mortgage experts to answer their loan questions.

Industry News
Jan 24, 2022
Atlanta Real Estate Agent Sentenced For Running Multi-Year Mortgage Fraud Scheme

So far, up to 11 people have plead guilty in Federal Court to the multi-year mortgage fraud scheme, which netted more than $21 million in fraudulent mortgage loans.

Industry News
Jan 24, 2022