REO Transaction Software – How to Choose

Posted by RTidmore on September 9, 2009 · Leave a Comment 

There are many types of REO Transaction Software on the market. Choosing the right one can be a huge factor in how smooth your REO Transactions are run. So what are some of the features that you should look for? Here is a quick list that you should have handy when comparing REO software.

  • What is the Price?
  • What is the Set Up Fee?
  • Is there a per transaction fee or a one time cost?
  • How secure is the network?
  • Does it have a document view and upload feature?
  • How user friendly are the communication logs?
  • Does it have a service ordering and confirmation feature?
  • Is there 24 hour access and how fast does the technical support respond?
  • What does their storage capacity consist of?
  • Does it have history and audit capability?
  • Does it merge with Zipforms or Winforms?
  • Email reminders and automated task set up
  • Fax Capability
  • MLS Import and Integration
  • Real Time Transaction Status

So when considering which REO Software to use, hopefully these points will help you decide the most effective and reliable solution software  for your REO Transactions.

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