After utilizing their services since 2009, New Vista Asset Management officially chose RES.NET’s REO platform as its official system of record.

The San Diego-based asset management company has been using RES.NET’s REO portal for a portion of its files and client engagements over the last four years. According to Brian Hurley, president and chief operating officer at New Vista Asset Management, the firm selected to continue its relationship with the software provider because of the portal’s functionality and communication efficiencies.

“We initially worked in the RES.NET environment as a result of a specific client engagement,” Hurley added. “The efficiencies gained through RES.NET’s portal and the increased accountability for all parties is something that we now look forward to bringing value to our entire platform.”

With access to RES.NET’s REO portal, New Vista agents will now have easier access to files they need that helps them close transactions faster, the firm said in a press release.

RES.NET’s REO portal contains a dashboard that helps users retrieve important data immediately.

For example, property search results are displayed within REO Tracking, eliminating the need to cross-reference spreadsheets. Also, the user interface helps create easier navigation within the application, therefore increasing overall efficiencies for customers.

“In the mortgage industry, it has become evident that technology must be used as a tool to remove the burden of compliance while also ensuring all tasks, documents and other activities are managed accurately and in a timely manner,” said Todd Mobraten, COO and president of Lake Forest, Calif.-based RES.NET.

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