Integrated Mortgage Solutions (IMS) has made available a back-office solution for brokers of real estate owned properties (REOs). Through its new offering, IMS will assist REO brokers with managing administrative functions, such as paying utilities and homeowners' association dues, as well as performing inspection and preservation work.
By outsourcing back-office functions, REO brokers eliminate hiring additional staff to handle clerical functions, IMS says.
‘Our goal in offering this solution is to enable brokers to focus on their core competency: listing and selling REO properties,’ says Cheryl Lang, president and CEO of IMS.
Brokers will be able to receive bids for repair work via IMS' national network of field service contractors. As part of the service, IMS will also perform vacant property registrations and individual property status reporting online.
SOURCE: Integrated Mortgage Solutions