Equator Launches New REO Business Offering

Equator has announced the launch of Equator Agent Elite, a premium suite of tools for REO real estate agents that adds transparency and actionable insight to the real estate-owned (REO) market.

Equator Agent Elite provides agents access to Equator’s local REO market insights, real-time notification of uploaded REO assets, and platform workflow training. Once agents complete the training, they receive an Equator certification badge on their personal profile displayed on the Equator platform. Agents now have the opportunity to utilize Equator’s evolving tools and market intelligence to help drive their business growth and gain a competitive advantage in today’s data-driven REO marketplace.

With more than $200 billion in default transactions processed on Equator since inception, Equator Agent Elite builds on Equator’s established leadership position in the default technology and data markets. Equator processed over $21 billion in home sales in 2015 and over 26,000 agents completed a transaction.

“Empowering progressive REO real estate agents with actionable local insights and improved REO marketplace tools benefits our servicers as well as agents,” said Michael C. Schreck, senior vice president of Equator. “By arming agents with local market intelligence and servicer certification requirements, agents can become more attractive to the country’s top servicers who want their assets marketed more effectively to deliver improved ROI.”

Equator Agent Elite is designed to help REO real estate agents stand out and land more REO business by providing a deeper understanding of local market activity, enabling platform certification and facilitating proactive communications with servicers.