Residential property manager Integrated Mortgage Solutions is now offering an end-to-end REO Broker Back Office solution.
With more homes destined for REO status, IMS said it is helping REO brokers “cost-effectively” manage all administrative functions, such as paying the utilities and HOA dues, as well as performing inspection and preservation work.
By outsourcing back office functions, REO brokers eliminate hiring additional staff to handle clerical functions, according to Cheryl Lang, president and CEO of IMS, based in Houston.
“REO brokers are facing a mounting increase of properties and duties. Through our national network of more than 8,500 field service professionals and licensed contractors, IMS ensures that brokers quickly receive bids and expert completion of repairs in a minimum amount of time.”
Preservation and rehabilitation work is “100 percent quality control checked” by IMS asset management staff. The use of local licensed and certified contractors eliminates contractor fraud and over-charging on repairs, Lang said.
Brokers benefit from enhanced operational and management reporting, accelerated time between approval and completion of repairs, consistent and accurate tracking of repair statuses and the elimination of code violations. As part of the service, IMS will perform vacant property registrations and individual property status reporting online 24/7.
