REO Transactions Surge for Integra Real Estate

By Evan Nemeroff

Published August 17, 2012, 11:21 a.m. EDT

1 Min Read

Although REO inventory has fallen 34% in Arizona over the last 12 months, Integra Group Real Estate said it had a productive first half selling troubled properties.

Processing Content

The Tucson, Ariz.-based brokerage firm, a REO specialist, said that through the first six months of 2012, its transaction volume increased 28% compared to the same time period a year ago even though overall REO sales in the region dropped.

The firm uses a proprietary service called Integra Process that improves the traditional property sales experience for mortgage lenders, banks and GSEs. This process ensures due diligence during a transaction by providing features like property video inspections, a paperless workflow system and preservation fleet tracking system.

“Our continued growth illustrates our commitment to our clients during challenging market conditions,” said Eric Lichtenheld, president of Integra Group Real Estate.

“We attribute our success to the innovative products and industry expertise to better assist clients and provide them the resources they deserve.”

Managing Editor

Evan Nemeroff joined SourceMedia in January 2011 as a reporter for Mortgage Servicing News� Managing REO. Topics that he writes about includes REO... Read full bio

For reprint and licensing requests for this article, click here.

Mortgage technology

MORE FROM NATIONAL MORTGAGE NEWS

Fraud

FBI: Real estate cyberfraud rises with more AI, crypto scams

The industry reported $275 million in losses from internet crimes last year, a 59% annual increase as losses nationwide surpassed $20 billion.

By Andrew Martinez
Reporter

April 10
Home equity loans

HEI customers file new class action against Unison

A Colorado couple filed suit after realizing they might owe as much as $279,000 on a home equity investment contract used to obtain $88,000 in 2018.

By Spencer Lee
Technology Reporter

April 10
Economic indicators

War, oil and inflation: What it means for rates

Economists surveyed by Wolters Kluwer are scaling back rate cut expectations as Iran conflict-driven energy costs push inflation higher, complicating the Fed's path forward.

By Brad Finkelstein
Originations Editor

April 10
Inflation

Energy prices drive up inflation by 0.9% in March

A 21.2% spike in the price of gasoline was the biggest contributor to a 0.9% increase in the Consumer Price Index in March, according to a Friday report from the Bureau of Labor Statistics. The agency said other price increases were largely contained.

By Ebrima Santos Sanneh
Reporter

April 10
Originations

Jumbo lending playbook: automation, overlays and ROI

Jumbo loans demand more scrutiny and documentation, but automation is streamlining the process — and lenders who master the product stand to gain in a moderately bullish market.

By Brad Finkelstein
Originations Editor

April 10
LoanDepot

LoanDepot taps Figure to launch 5-minute loan product

LoanDepot will integrate Figure's proprietary credit and loan underwriting engine into its own proprietary mello technology platform and point of sale system.

By Colin McNamara
Reporter

April 9

Load More