LRES Corp. is using DepotPoint’s TrackPoint REO technology, a workflow and tracking system that manages the REO process by guiding its users through transactions with the fewest required tasks.
The technology assists users with each step of the transaction including assigning, automating, scheduling and tracking each task.
With the TrackPoint REO solution, investors can close properties faster, increase productivity and drive down the total cost of managing REO properties. The system includes a flexible workflow engine, custom reporting, configurable process controls, and data and document management.
TrackPoint allows servicers and investors to recover distressed assets faster, reduce costs, scale operations and ensure compliance. The system is a Web-based software-as-a-service which does not require the installation of any additional software.
LRES Corp., an appraisal and asset management company for the mortgage, banking and real estate industries based in California, is using the solution as its primary technology to manage the growing demand of REO sales.
In conjunction with the TrackPoint solution, LRES agents will have access to DepotPoint’s DataConnect, a new business intelligence tool that gives lenders, servicers and asset managers an opportunity to aggregate and integrate data from multiple sources and systems when processing short sales, managing real estate owned properties or pursuing other default servicing activities.
