Overview

The use of technology now is rapidly becoming an asset to Asset Managers. REOTech, L.L.C. offers the asset management system for real estate agents that automate the critical process associated with REO management.

REOTECH, LLC has developed a central default management system that automates the back end of mortgage servicing industry and provides friendly use of a high-end sophisticated system called REO-AMS.  REO-AMS technology allows lenders to interface seamlessly with Real Estate Agents, Attorneys, Title Companies, and Preservation Specialists using a built-in management process that can also incorporate lenders’ guidelines.    The control of time management and tasks allows the workflow process to become systematic without the need of re-engineering the lenders business process.  Inside the system each group becomes a team player and their tasks are governed by the system’s business process rule resulting into faster reporting and property stage awareness.   Tomorrow’s default management technology with today’s client standard is now here.  

THE REOAMS™ provides the same powerful tools that asset managers use to allow the real estate agents maximum performance over REO management.

REOAMS™’s e-commerce solutions allow customers to reduce time lines, improve controls and streamline key business processes, which eventually lower costs and risks.

The REOAMS™ for agents was built with the needs and wants of most real estate agents in foremost consideration; such as, Property Management, BPO Management/Tracking, and Marketing and Reporting Modules. Understanding customer needs is an important part of the development of REO management in REOAMS™. It uses some functions already in place and has an open architecture design to cater to specific user needs.

REOAMS™ is a solution that multitask: it integrates, it is real-time, flexible, stable, has an open-architecture layout, foreclosure processing, bankruptcy management, claims processing, REO management, work order tracking, financial transaction, and vendor management. The system also provides intelligent reporting and tracking of REO properties, reduces staff support, processing time, and lessens unnecessary paperwork..