Exceleras has added a new Pre-REO screen to DispoSolutions to aid investors and services in making better presale decisions as part of the company's regularly scheduled software update, the company announced in a release.
"This new Pre-REO page has been added to allow users to track properties prior to entering REO status," Exceleras Chief Operating Officer Amy Bergseth said in the release. "Created at the request of investors who are now adopting DispoSolutions, the new functionality provides a useful dashboard that makes it easier for investors to make better decisions about the properties they choose to buy. In addition, it makes it easy for them to track the transaction through the purchase process."
The new Pre-REO screen offers data through three components, general property information, offer information and closing information. The screen makes it easier for investors to perform due diligence on transactions.
Investors seeking to buy a portfolio of properties can load bulk data into DispoSolutions and receive screens for each property. If they decide to make an offer, they can track it through to close, the company said.
"We are currently serving investors who are always on the lookout for new properties," Exceleras president and CEO Michael Harris said. "When they find properties they are interested in acquiring, they can load them into DispoSolutions and then easily track everything involved in the acquisition, including the vendors who are running reports that will help them make better decisions."
Despite the appeal the update will have for investors, Harris says that mortgage servicers, the company's core clients, will also find it very useful.
Servicers often load properties into DispoSolutions prior to entering REO status in order to manage the process of gathering information, including inspections, valuations and title reports. The new page puts all of that information onto a single screen, making the software even more efficient for users.
Exceleras is the creator of the DispoSolutions Real Estate Owned (REO), ValueSolutions Collateral Valuation and ClearView Offer Management platforms.