Analyzing REO sales is an important tool for servicers looking to maximize revenue in today’s fluctuating market. Yet, traditional methods make REO postclosing analysis cumbersome and difficult to perform at a portfolio level. REOWatch™ brings the research to you through automated tracking and instant alerts for your entire portfolio, including distressed AVM valuations and key sales metrics—all powered by the nation’s largest homeownership, property and loan-application databases.
Monitor Sales, Evaluate Strategies
Understanding postsale activity is a vital part of implementing and maintaining an efficient REO-pricing strategy. REOWatch alerts you every time your properties sell and provides you with key metrics that help you spot flipping and compare and contrast your initial sale against subsequent sales on the same property. By understanding how your property moves after you dispose of it, you can quantify missed opportunities and apply that knowledge directly to your pricing strategies. Our alerts include:
- New sale amount
- Days between transactions
- Current to initial sale price variance
- Current and initial distressed AVM value variance
Spot Flipping, Blacklist Suspicious Parties
Flipping is a sure sign of missed pricing opportunities, whether it’s opportunistic or negotiated before the sale. Our REOWatch monitoring and alert system notifies you of every subsequent property sale, including days between sales, to help you spot flipping and investigate any suspicious activity (e.g. a second sale less than 30 days after the initial sale). Should you discover questionable transactions, you can blacklist involved parties—real estate agents, borrowers and brokers—to protect against further issues.
