Alpharetta, Ga.-based Bank of North Georgia (BNG) has selected Conexxus LLC's REO Optimizer solution to capture key documents relating to the bank's distressed development portfolio properties.
BNG will organize the information in an online searchable platform to automate the sharing of key documents with prospective buyers, enabling the bank and its buyers to accelerate decision-making on distressed development properties, Conexxus says. BNG, a subsidiary of Columbus, Ga.-based bank holding company Synovus, has about $5.8 billion in assets.
"We selected REO Optimizer to maximize returns on our direct sales to buyers, while automating time-consuming manual processes," says BNG's senior vice president, Bruce Dearing.
SOURCE: Connexus LLC