REO Transaction Software – How to Choose

Posted by RTidmore on Wednesday, 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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