Nations REO Inc., a division of Foreclosure Management Co. (FMC),Â has deployed DepotPoint Inc.'s TrackPoint platform to power the company's real estate owned (REO) workflow and property management operations.
Nations REO manages properties on behalf of lenders, servicers and private equity firms. The TrackPoint REO application was configured and rapidly implemented for Nations REO to support the company's operational workflow and to scale capacity on demand, DepotPoint says.Â
Chuck Burton, FMC president, says his company has a "unique set of characteristics" in its workflow.
"For example, we have certain protocols relative to broker communication in the context of REO disposition," he explains. "Using DepotPoint's TrackPoint platform, we ensure that these protocols are maintained, and with real-time system updates our clients know exactly what we know about their properties."