MReport November 2017

TheMReport — News and strategies for the evolving mortgage marketplace.

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6 | TH E M R EP O RT MTECH C M Y CM MY CY CMY K RES.NET Launches Asset Strategy Tools THE NEW TOOLS CONSIST OF TWO MODULES: AN MLS AND IMAGES PLUGIN, AND REPAIR MANAGEMENT PLUGIN. R ES.NET, a leading company within the mortgage industry that connects all facets from vendors to consumers, announced the availability of a new suite of as - set strategy tools designed to maxi- mize return on investment through the analysis of each asset. The first phase of its new tools was launched and announced during the opening day of the 2017 Five Star Conference and Expo held in Dallas, Texas. "We understand how critical it is to identify the right liquidation strategy in order to maximize the return on every REO asset," said Keith Guenther, CEO of RES.NET. "Working closely with our clients and taking their input into consideration, we identified two powerful 'plugins' that integrate di - rectly with our REO portal, providing real-time geographical MLS and repair and comparable data. This data enables decision makers to perform analysis on each asset, determining maximum return on investment, and in turn, decide on the best liquidation strategy to maximize recovery." Currently, the best liquidation strat - egy for assets is determined through a real estate agent, bulk sales, or rental. The new tools consist of two modules: an MLS and Images Plugin and Repair Management Plugin. Phase two of the Asset Strategy Tool aims to provide an integration and single sign-on with direct access to repair estimates and a comprehensive MLS report that includes listing and sold comps, all without ever leaving the RES.NET portal. The Repair Management module is multifaceted, including a cost estima - tion tool with an extensive pricing library, a workflow management tool, a forms builder for customizable inspec- tion forms, and additional products providing property analytics from aerial imagery and remote-sensing data. With the MLS and Images Plugins, users have the option to best determine liquidation strategy adjustments, as well as access MLS-listed and sold comps, and automated confidence scoring and view configurable AVMs, historical sub - jects, and interior comp photos.

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