DRI Allies with Unison Global Partners to Accelerate REO Dispositions

DRI Management Systems in Newport Beach, Calif., a provider of default management solutions, is partnering with Unison Global Partners, LLC in Pleasanton, Calif., a provider of REO disposal services, to offer loan servicers of all sizes a method to manage, track and dispose of distressed assets. UGP uses DRI's flagship software product, The Default Solution, as its automation base to facilitate the flow of information from servicers into its property disposition services with the aim of eliminating human error and accelerating the process. A property is listed with UGP's broker partner, REObroker.com, which has 60 days to sell the home using its automated system and its access to over 80 million potential buyers around the world. If that does not occur, stage two involves an online auction to a global audience of investors and end-buyers lasting 14 days. Stage three is a live auction, conducted according to a marketing plan designed around the particular property. UGP says the first two steps are successful in 90% of the cases.