Manage OREO Better, Sell OREO Faster
Nope, not a cookie, in fact, OREO isn’t a sweet treat at all. Banks don’t like adding non-performing loans to their balance sheet. Especially using spreadsheets and outdated, cumbersome technology. That’s why we created OREO. This isn’t just about managing OREO (although that is a plus), it’s also about selling OREO faster and getting it off your books. OREO manages the complete lifecycle allowing any user access to see carrying costs, property details and manage the life of the property. The product is 100% electronic and includes a marketplace to expand reach to new buyers outside the local financial institution market.
Reduces the manual paperwork behind your OREO properties and property listings. OREO is compatible with all property types.
Listing properties quickly and expanding your buyer network enable your institution to get OREO off the balance sheet rapidly.
Manage all steps of the OREO process including carry cost analysis, sharing property details with service providers, negotiating the sale, data analytics and regulatory reporting.
Ease the OREO process with integrated documentation along with latitude and longitude automation for service providers, bankers, and buyers.
Better reporting enables your institution to make better business decisions. Automation and digitization allow for real-time reporting and keep your institution up to date with the right information.
Features That Move You Forward
CLOUD STORAGE & GPS:
Integrated documents and latitude and longitude automation
REAL TIME COLLABORATION:
All your service providers, insurance documents, photos – everything you need in one place
Want To Learn More?
Looking for a partner to help you deploy the banking products for the future? We’re here to help. Contact us today to learn more about any of our products or to schedule a demo.