Visionet Systems Announces the Availability of VisiREO – A Solution to Manage Lender Owned Properties

Visionet announces the availability of VisiREO, an end-to-end web-based solution to manage pre-foreclosed or lender owned properties. Most lenders today use third party hosted solutions where they pay direct usage fees or vendors pay the fees which are then passed on to the lenders. With VisiREO, lenders or asset management companies can install the system in their own environment and configure the workflows to suit their needs. This approach enables lenders to negotiate lower fees from contractors and manage the REO process more efficiently with 100% visibility.

Visionet ‘ s Real Estate Owned Management System (VisiREO) is a cost effective state-of-the-art web-based REO Management system which offers a competitive advantage when providing REO outsourcing services and related products. VisiREO provides comprehensive REO Management functions including: eviction management, property and expense management, repair, valuation and marketing strategies, broker/vendor selection, contract negotiation, and escrow/closing services. In addition, VisiREO provides management of special situations that arise during the REO lifecycle such as environmental conditions, litigation and title issues etc.

Mortgage Banking Institutions require a comprehensive, flexible and scalable REO Management System that integrates well with their other existing systems and third party systems. Visionet ‘ s REO Management System provides the capability for automated workflow management that allows users to complete their tasks in an efficient and timely fashion while providing a higher level of visibility and management control.

About Visionet Systems

Cranbury, N.J.-based Visionet Systems is a full service mortgage consulting and business process outsourcing company that delivers products in the best-of-breed philosophy. Using a combination of consulting, metrics-based technology solutions, and business process outsourcing, Visionet Systems helps lenders identify and remove inefficient business processes and technologies to improve profitability. Founded in 1995, the company ‘ s customers include mortgage bankers and servicers. For more information, visit , email us at or call 609-409-1063 x1116.