Reduce your REO asset management risks and increase your net holdings.

When you outsource your REO asset management needs with Bankers, you'll be pleased to discover how seamlessly the process will run. From start to finish we know how to manage the entire process from getting the property ready to sell, marketing it effectively, and negotiating/closing the sale. Our strict and aggressive time-line management reduces customer holding costs. We provide clients with immediate notifications of project changes as well as consistent reporting. You'll love our attention to detail in all phases of REO asset management.

Here's a quick glance at our REO asset management process workflow

The Process Begins - When you add a new property to your inventory and management portfolio...

1. Setup System, Create Marketing & Closing File
2. Order Title Report
3. Initiate Curative Process & Notify Client (If Curative Required)
4. Launch Marketing Program
5. Select Real Estate Agent

For Occupied Properties:

1. Push Cash-for-Keys - Inspection Package to Agent
   OR
2. Set-Up Eviction with Attorney, and Monitor Legal Process

For Vacant Properties: (or once property is vacant)

1. Obtain Marketing Data
2. Complete Property Marketing Strategy
3. Set List Price & Sales Price (Obtain Approvals Where Required)
4. Negotiate Offers (Obtain Approvals Where Required)
5. Set-Up Closing with Closing Agent
6. Constant Follow-Up
7. Close the Deal - Property Sells
8. Give Funds to Client
9. Receive Final Billings from Vendors
10. Create Final Invoice for Client