ViewIQ, a company that specializes in the management, analysis and marketing of bank-owned properties, has made the first upgrade to its Web-based REO asset management platform.
Features of Lending ViewIQ v2.5 include performance enhancements and workflow modifications that improve speed and efficiency for all bank users and REO property investors.
The new platform automates the REO asset management process for financial institutions so they can analyze and market bank-owned properties more quickly, accurately, and at less cost. This tool also accelerates reporting and regulatory compliance for bank-owned foreclosures, the Nashville, Tenn.-based company said in a press release.
On the updated ViewIQ REO asset management software, banks can manage all REO property information on one platform, including monitoring their photos, maps and links to public agency records such as tax assessor data. The software accommodates performing and nonperforming loan sales and provides custom reports and automatic reminder alerts of tax and insurance payments and expired documents.
Furthermore, REO property investors have constant access to view what REO properties are listed for sale and they can receive bid interest notifications when new assets are available to buy. Additionally, investors can run as many customized searches as they like for free.
“Bankers are looking for new ways to attract REO foreclosure investors, and this service does exactly that,” said E.A. Marcoe, CEO of ViewIQ. “It [LendingView IQ v2.5] is a resource for banks with REO properties for sale.”
