has announced two multi-year contracts–one with Trinity Financial Services and the other with Trojan Capital. These customers will be utilizing the recently-enhanced Equator PRO REOTM product, part of the Equator PRO line of solutions. Equator PRO REO is a software-as-a-service (SaaS) solution that helps servicers increase efficiency and vendor oversight throughout the real estate-owned (REO) servicing process.
Designed for all portfolio sizes, Equator PRO REO provides servicers with tools for making more strategic and cost-efficient default servicing decisions. Prior to marketing REO assets, customers can leverage a variety of features, including automated valuation ordering, property repair management tools, monthly market reports, direct connections to the EQAgent and EQVendor portals, rapid offer negotiation tools and more. Through these features, the Equator PRO REO solution can help servicers manage vendor oversight, maximize sales prices, shorten timeframes and reduce costs to improve their overall REO asset management execution.
Equator is launching new and enhanced features to the PRO REO product, including:
►New repair tracking and ROI tools: Customers have transparency into all phases of repair from inspection to signoff, giving users the confidence to decide on the right strategy and maximize return on their assets.
►New vacant property registration tool: Customers can register vacant properties and be more confident that they are staying on top of local municipality requirements.
►Upgraded third-party vendor integration for all pre-marketing duties: Customers have the flexibility to work with either real estate agents or third-party providers to get the most effective on-the-ground marketing coverage for their properties.
►Upgraded agent search with smart matching recommendation tool: Customers benefit from a powerful new asset management analytics tool to help them list and sell their properties.
►Optimized marketing on Equator.com: Customers receive free marketing and search engine-optimized property listings to generate interested buyers.
“Equator is committed to delivering innovative and customizable solutions for customers to easily manage default portfolios of all sizes and maximize return on investment,” said James Vinci, Vice President and General Manager of the Equator business. “The new product features and enhancements of Equator PRO REO will make it easier for our customers to pick the right management strategy and execute it in an automated fashion. We continue to solve the needs of mid-size servicers, providing them with a deep nationwide network of 55,000 active real estate agents and 35,000 vendors.”