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REO Allegiance and Atlas REO Partner on Distressed Property Product
Aug 26, 2011

REO Allegiance announced that it has been chosen as a premier inspection service provider for Atlas REO Services. The new program goes well beyond the services traditionally offered by asset management firms. “Using third-party field inspection companies is a part of our comprehensive national field inspection program,” said Brian Devlin, property operations manager at Atlas REO Services. “REO Allegiance has been engaged to perform services for some time. When we needed a new process for field inspections, they were eager to help us develop the new program. The company is very willing to take on new challenges and its executives have an amazing ability to adapt to the needs of the changing market.” Under the new program, Atlas REO regularly orders comprehensive inspections on a representative sample of properties that they are contracted to sell in markets across the country for servicers or investors. Firms like REO Allegiance then investigate and report on the property condition, including client specific requirements, property upkeep, curb appeal, and a range of marketability and compliance areas. By streamlining this process, quickly processing results and relaying that information back to its agents and preservation partners, the company has found that it can move properties back into the market more quickly, saving its customers time and money. “Atlas’s field inspection program is exceptional,” said Lisa Sadaoui, president and chief executive officer of REO Allegiance. “Consistent inspections head off potential problems and ensure that all client specific guidelines have been met and that the property is in show-ready condition, which helps to drive sales. By being proactive, Atlas REO consistently achieves high scores from their clients on property condition and maintenance. We’re proud to be part of a process that is dedicated to providing clients with added value.”
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