REOnetwork
http://reonetwork.com
Purpose, what they do
What is REONetwork.com?
REONetwork.com is an online directory of screened and highly-qualified real estate professionals who specialize in the re-marketing of REO (real estate-owned) properties. REO homes are properties that have been acquired by a bank or lender as the result of a foreclosure.
REO professionals from every corner of the mortgage and lending industries use REONetwork.com to locate each other — it's fast, easy and free! Many asset managers use REONetwork.com to find local real estate professionals to aid in their loss mitigation and REO property re-marketing needs.
History of REONetwork.com
Prior to starting REONetwork.com, founder Duane Andrews was a successful REO broker in northern California. While building his REO business, he noticed a growing frustration from clients looking for experienced REO brokers to re-market their properties, especially in remote locations.
So in 2000, Andrews partnered with Kevin Marshall, a pioneer in the business-to-business web sphere, to create REONetwork.com. During the first three months of operation, the REONetwork.com site attracted more than 1,000 REO brokers. Today, REONetwork.com includes more than 12,000 screened and highly-qualified REO brokers, agents, and vendors (appraisers, contractors, service providers, and outsourcers).
The enormous success of REONetwork.com quickly led Andrews and Marshall to team up again in 2001 to build Clear Capital — one of the most highly regarded loan valuation outsourcing companies in the nation.
Since being founded, Windy Keefe, Business Development Manager, and the people at REONetwork.com have helped thousands of brokers, agents and vendors successfully present themselves to the REO industry in a professional manner. In doing so, REONetwork.com continues to be the most widely used searchable database of REO brokers, agents and vendors in the industry.
In 1999, Duane Andrews brought a breath of fresh air to REO asset managers across the nation when he came up with the idea for the first online directory of REO professionals. REONetwork.com gave asset managers free access to a screened list of experienced REO brokers and vendors, making the servicing and the remarketing of REO properties easier than ever before. Asset managers at nearly every major bank across the country have REONetwork.com at the top of their favorites list for easy, daily use. Literally billions of dollars in REO listings have been sold due to the connections made on REONetwork.com.
Kevin Marshall has collaborated with Duane since day one of REONetwork.com, creating web-based tools to streamline REO and BPO processes. Kevin has since dedicated himself full time to studying, understanding, then easing the pains and process that many companies are subjected to in the remarketing and valuation processes.
Benefits of joining
Don't be just another name in a list. As a Premium Partner, your REO Network profile is featured at the top of the search results for your service area and your office address is mapped relative to the subject property's location.
Management Team
Contact
Broker and Vendor Support
Windy KeefeBusiness Development Manager
/ Ashley Holm
Account Manager
Phone: 866-316-4690
Mailing Address:
ClearCapital.com, Inc.
attn: REONetwork.com
10875 Pioneer Trail
Truckee, CA 96161
Clear Capital.com, Inc.
10875 Pioneer Trail
Truckee, CA 96161 / Phone:530.550.2500
Fax:530.550.9218
(For Support, please use numbers below)
Broker & Agent Support
For all Real Estate Broker/Agent and Inspector issues and inquiries.
530.582.5011 phone
800.607.3471 fax
Appraiser Support
For all Appraiser issues and inquiries.
530.550.2120 phone
530.550.5971 fax / Customer Care & Sales
(If you are a current customer, please log into your account for your customer care team's specific contact information)
Kim Bennett
Account Manager
530.550.2560 phone
800.680.3787 fax
Mike Frost
Account Manager
530.550.2530 phone
888.548.6599 fax
Kevin Demm
Account Manager
530.550.2520 phone
800.684.4271 fax
Luke Frederick
Vice President, Operations
530.550.2552 phone
Careers
Sarah Lambert
Director, Human Resources
530.550.2590 /
Media Relations
Rob Huff
Communications Manager
530.550.2529
Legal
Helge Richard Hukari
General Counsel
530.550.2500 /
Accounting
Tom Connell
Controller
530.550.2556
Integrations
Kenon Chen
Vice President, Technology
530.550.2561
Costs
No costs specified, fill out an online application.
List of agents
You have to search by Zip Code or City. This was too time consuming, but when I put ALL in, it retrieved all of Allentown with quite a few agents. Small city in PA, so this would allow me to conclude there are many agents who have joined this site. I also put in Springfield, retrieving 3 cities with 13 agents.
REOredbook.com
This is a searchable database site where I could get no information. You can search for agents, but site listed no information on how to join, costs, anything..
REO Trans
http://reotrans.com
Purpose/What they do
Site is used to list and sell foreclosure properties. Account is free.
RT Marketplace
A vibrant exchange where 615,674 lenders, vendors and agents have handled over 39.57 million transactions. Lenders connect to the RT Marketplace to find listing agents and place orders with vendors. Agents and vendors connect to receive orders and seamlessly deliver their products and services back into the lender's desktop application. The RT Marketplace provides immediate data integration between thousands of lenders, vendors and agents.
Banks Nationwide use REOTrans to Manage and Sell Foreclosed Properties.
> More Listings
Once you are part of the marketplace, all lenders have to do is click a button to assign you listings.
> Build Relations
Once you receive a listing, you have the opportunity to form long-term relationships with major lenders and servicers.
RT Workstation - [automate]
The RT Workstation Connect version provides everything you need to receive and manage property listings. This is a web based turn-key solution without any software to install or hardware to maintain. It immediately connects you to the RT Marketplace where thousands of listings are assigned every month.
REOTrans Products
> RT Marketplace
The Default and REO Industry’s connection point where Lenders, Outsourcers, Vendors and Agents transact online in a secure and transparent environment.
> Lender Workstation
The most versatile and comprehensive Workstation available to manage and sell REO properties. This real-time Workstation uses configurable “Best Practice” business logic, connects with current systems and provides distributed workflows for everyone to work together online.
> Outsource Workstation
The most versatile and comprehensive system available to manage and sell REO properties. All the Workstation’s features with the added benefit of multi-client support. Configure each client’s business and decision logic. Also, provide clients real-time online reporting.
> Agent Workstation
A comprehensive Workstation with everything Agents need to receive listings, manage and sell REO properties.
> Vendor Workstation
A comprehensive Workstation with everything Vendors need to receive, process, communicate and deliver your products and services electronically.
> Foreclosure Listing Service (FLS)
REOTrans Foreclosure Listing Service (FLS) is a Nationwide Marketplace for Lenders, Institutional Sellers and REO Agents to list and transact on their Foreclosed Homes.
Management Team
Mark Mckinley, ChairmanMark, Chairman of REOTrans, has over 30 years management experience in the mortgage banking industry. Mark has a unique combination of entrepreneurial and corporate experience all within the Mortgage Banking framework.
Chris Saitta, President
Chris, President of REOTrans, has over 20 years Technology Development experience and ran a successful Technology company for 10 years. He is a pioneer in the development of online transactional systems and architect of online Real Estate applications that have handled over 46.25 billion in transactions.
US REO & BPO Network
http://www.linkedin.com/groupInvitation?groupID=109031&sharedKey=03876B5925C7
Have to join to get information.
twitter.com/USRBN
http://groups.yahoo.com/phrase/premier-asset-services
A few discussion groups where members have joined.
National REO Brokers Association
http://www.nrba.com/
Purpose/What they do
The National REO Brokers Association (NRBA) was founded in 1998 by several REO brokers from around the United States, all of whom currently list and sell in excess of one hundred (100) REO properties each year (see NRBA Profiles).
The National REO Brokers Association (NRBA) is a "for-profit" organization. We believe in profits for everyone involved-especially our members.
The National REO Brokers Association (NRBA) is incorporated and licensed under the laws of Clark County in the State of Nevada.
Our Goals – Benefits to join
1. To provide the necessary support and tools to our member brokers, so as to make them both better qualified and more efficient in the marketing and selling of bank-owned properties.
2. To provide banks, servicers, outsourcing companies, and all those requiring the services of an REO Specialist™ an easy and efficient way to find qualified individuals throughout the United States.
3. To bridge the technology gap that currently exists in our industry and to create industry standards that will create new efficiencies and greater time & cost savings to all involved.
REO - "Real Estate Owned"
That's what banks call their foreclosure properties.
NRBA members call them listings! Do you want bank foreclosure listings?
Would you like an additional 100 transactions per year?
We'll show you how, we won't hand them to you.
The National REO Brokers Association is the only national organization dedicated solely to the listing and selling of bank owned properties.
For those new to REO, this is where you start.
For the "old pros," life just got a lot easier. The NRBA is a "for-profit" organization.
We believe in profits for everyone involved--especially our members.
NRBA Member Benefits
NRBA Membership offers everything you need to start handling REO properties today!
Take a look at the benefits found only in the NRBA...
· NRBA ON-LINE Directory – Where do banks and asset management companies go to find brokers? To the guidebooks of course. Now they have one online specifically designed to meet their needs. Our powerful, yet simple, search engine allows bank reps and asset managers to find you instantly when they have a property to sell in your area. No more waiting to be updated in an old fashioned paper directory. All members are listed by geographic location and specialty. Instant access to you for the right people in every major bank, servicer, asset management, and relocation company.
· The Insider's Guide to REO – Learn from the best! This information comes from top REO brokers, all of whom do over 100 listings per year. You will be provided with everything you need to know to become a lucrative REO broker, including instructions, setup, task lists, etc. This invaluable training guide is for the exclusive use of members only and is not for sale at any price! Click Here for more info.
· Client Database – Find out where the listings are, who's got them, and who you'll need to talk to in order to get them for yourself.
· Asset Information Management Software – A customized database for handling REO properties-finally something that does what we need it to do.
· BPO Forms – Over 200 different forms already set up for your computer-just fill in the blanks. Very fast, very easy, fully searchable and ready for electronic transfer or email (MS Word 97 or higher required).
· Members Forum – A private passcode-protected internet forum. Talk to other members all over the country. Get leads, advice, referrals & more (strictly NRBA Members only).
· Online Forms Library – Not only will you be provided with BPOs, but also monthly reports, contract transmittals, billing forms, and more, customized for most major banks. Over 350 pages of forms currently available, with more being added all the time (MS Word 97 or higher required).
· Legal Updates – We’ll keep you informed so you stay out of trouble.
· Technical Updates – Digital cameras, color printers, laptop computers, email, the internet-what works and what doesn't; what you should have to be successful.
· Monthly Newsletter – Filled with inside information to help you get the business you want and make the profits you need.
· Your Web page – Not only does every member get listed on the NRBA website, but each gets their own personalized page as well. It is pre-populated with the basic info from your membership application and also has fields for you to personalize, including a link to your own site, if you have one.
· Your Listings - As a broker member, you may add your listings, edit them, including photos. They'll remain active until you delete them.
· Certified REO Specialist® – "CREO"- The ONLY designation created specifically for REO Brokers-and you have to earn it!
· Limited Exclusivity – New members must be approved by current members in their area (NRBA Guidelines and Bylaws apply).
· NRBA REO Management Software – Now you can run your REO departments and BPO departments with ease. Complete workflow management system handles all of your REO needs.
Costs to join
►Dues are only $165.83 per month when billed to a credit card. OR Tax-deductible one annual payment of $1990.00 (fee's apply ONLY after applicant approved)
Just one listing will more than pay for your entire year's membership!
Compare the value and savings of membership in the NRBA!
· BPO Forms for Word®—over 200 forms @ $39.00-$99.00 each if purchased separately (a value of over $12000.00).Included in membership.
· Listing on the NRBA Web site—priceless. Included in membership.
· Personal Internet Web page—a $75 value.Included in membership.
· Broker Property Listings - As a broker member you may add, edit your own current listings for more people to find you. This is a value of $1200 per year.
· An NRBA Directory listing – your name, your area – available to all the major banks/servicers, etc.— Invaluable!! Included in membership.
· Client Database – Over 1270 contacts. All the key bank/servicing people that can get you listings. Compare to $700+ for Faulkner & Gray’s Mortgage Source One CD-ROM--and you would still have to spend hours sorting through it! Included in membership.
· NRBA REO Management Software – Track REOs from cradle to grave - manage staff and assign tasks. ($3000 value)
That's over $18000.00 in value--plus free advertising that you can't buy anywhere else!
And there’s still more!
* A private Members Forum for discussing leads, tips, problems etc. with other member/specialists.
* The only designation available for REO brokers.
* Ongoing legal updates.
* Ongoing technical updates.