Clients seek our services for a variety of reasons. And whatever their needs, all of our clients benefit from our ability to save them time and money.
Asset Managers partner with Reverse Mortgage Solutions, Inc. (RMS) to board new properties and route specific Real Estate Owned (REO) tasks to service providers. The Asset Manager then oversees and manages task assignments specific to “reverse mortgage” REO management, including vendor service management. Individual task tracking is used to manage and direct the vendor services to include title vendors, appraisal vendors, real estate brokers, property preservation vendors and more.
This unique task-based tracking eliminates the freefall of properties into expensive REOs and HUD Claim processing. RMS provides a centralized resolution directly with third party service providers, offering short-term and long-term solutions such as the initial assessment, marketing, property management, offer management, and property preservation oversight to maximize returns to investors.
Asset Management Service Levels
- Broker’s Price Opinions (BPOs)/Appraisals
- Hazard Claims
- Homeowners Association (HOA)/Taxes
- Receive Values
- Reconcile Values
Marketing – Target 90 Days
- Marketing Plan
- Property Listing
- Complete Repairs
- Monthly Broker Status Report
- Ongoing Price Analysis
- Offer is Received
- Negotiate Offers Within Parameters
- Offer Approved
- Mortgage Insurance Acquisition
- Offer Acceptance
- Contract Received
- Review/Sign Contracts
Closing/Post Marketing – Target 30 Days
- Review Closing Documents
- Property Recovery – Eviction
- Budget Process
- Eviction Ordered
- Relocation Assistance Offered (“Cash for Keys” and “Cash for Deeds”)
- Broker Inspects Home on Vacate Date
- Broker Inspection
- Property Security
- National Attorney Network
- Preliminary Title
- Final Billing
Ready to find out more?
Discover the benefits of working with Reverse Mortgage Solutions. Contact us today for more information or to get started.