Software provider Conexxus LLC and business consultancy TPI Integrated Solutions LLC (TIS) have announced a strategic agreement to offer TIS' existing and future customers access to a Conexxus' REO Optimizer.
Banks utilizing REO Optimizer will benefit from the organization of property documentation, automation of manual administrative work, decreased brokers fees, increased sales prices and expedited decision-making regarding distressed properties, the companies say.
‘Banks nationwide are experiencing record delinquency and default rates and, as a result, are dealing with properties and issues not seen in decades," says TIS President Norm Davis, former superintendent of Alabama State Banks. "Buyers know how to reflect risk and protect their interests in pricing. REO Optimizer helps banks accomplish the same in a proactive and cost-effective manner that greatly increases the chances of a "more favorable' outcome for the bank based on current market conditions, which almost certainly would not happen in the absence of timely access to information."
SOURCE: Conexxus LLC