DRI Management Systems Inc. has released an easy-to-use and cost-saving tool that automates the process of resolving real estate-owned (REO) assets. DRI Broker facilitates real estate agents' direct, ...

Impac Mortgage Holdings (IMH) has selected a new REO process and property management solution from Default Servicing Technologies, the companies said in a statement Thursday. The platform, called ...

Selling REO is big business these days; the firms that specialize in the business of managing, listing and selling bank-owned real estate assets have been flooded with new assets as foreclosures ...

Default Resource, a provider of default management, valuation, and loss mitigation services, has announced that Barnesville, Ga.-based United Bank has chosen Default Resource to manage its expanding ...

REO stands for real estate owned and refers to properties foreclosed by the bank. If the bank fails to sell the foreclosed home at an auction, the bank will use the services of a REO asset management ...

Carrington Property Services has joined forces with financial services company LendingXpress to offer small lenders Carrington's asset management services to handle their inventory of bank-owned homes ...