Default servicing solutions provider Equator has launched a new suite of tools for real estate owned (REO) real estate agents that adds transparency and actionable insight to the REO market.
Dubbed Equator Agent Elite, the new suite gives agents access to Equator’s local REO market insights – visual data and analytics on Equator REO inventory from the nation’s top servicers. This county-level data gives agents powerful insight into their local market dynamics and is in addition to the national/regional level reporting currently available.
The suite also includes a tool delivering real-time notification of uploaded REO assets. Now, agents can receive real-time notifications when new REO properties are available on Equator and proactively communicate to the servicer or asset manager their interest in marketing the listing of any of the properties.
There’s also a tool to help agents with platform workflow training. The REO training and certification tool provides detailed instruction on key servicer workflow, REO and short-sale features, complete with industry terms and information.
Combining in-depth online training modules with rigorous tests, Equator agent certification is a powerful knowledge and marketing tool for any agent, the company claimed in a press release. Once agents complete the training, they receive an Equator certification badge on their personal profiles, displayed on the Equator platform.
These tools and market intelligence will help REO agents grow their businesses and gain a competitive advantage in today’s data-driven REO marketplace, the company claimed.
“Empowering progressive REO real estate agents with actionable local insights and improved REO marketplace tools benefits our servicers, as well as agents,” said Michael C. Schreck, senior vice president of Equator, in a release. “By arming agents with local market intelligence and servicer certification requirements, agents can become more attractive to the country’s top servicers, who want their assets marketed more effectively to deliver improved return on investment.”