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REO Workflow

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Page 1: REO Workflow

Initial BPO Handling

BPO/MMR

REO WORKFLOW

Send Out KYO Request

Create Shared Folder

Check Address Discrepancy

Enter Preprocessing Comments in Equator Process Authorization

Follow up on KYO

If Occupied - Update EQVacant - Update EQ

Order/Follow up BPO Pictures

Order/Follow up Rekey

Order/Follow up Utilities

Order/Follow up BPO Order/Follow Marketing Description

Order Lien Search

Update MMR Sheet/Recommend MMRs

Prepare/Submit MMRs

Prepare BPOs

Order Repair Advice

Order Listing Advice

1093/Repairs/Inspections/571/Utilities/Broker Sign Off

Prepare Repair Bid in Advance

Forward/Followup Repair Bid

Forward/Followup 1093

Update Weekly Inspections

Update AMN Commnets

Keep Track of Homepath Inspections

Prepare/Submit/Follow-up 571s

Order Post Cleaning/Reapair Listing Photos

Listings/Audit/Phone Answer

Prepare/Update MLS Listing

MLS Status Updates

Update Listing Infromation in Homepath

Respond Listing/Offer Queries

Weekly Audit of EQUATOR, MLS and Homepath Listings

Offers/Closings/Contracts/Sales Amendments/Liens

Screen Incoming Offers

Initiate Multiple Offer Round if required

Update All Offers with in 24 Hours

Coordinate Counters

Coordinate /Follow up on Liens

Prepare/Coordinate Contracts

Send Contracts back to Asset Manager

Initate Closing Process

Order Title

Communicate with invlolved parties to ensure on time closing

Escrow, Titile Companies, Bank, HOA, Buyer, Lawyer

Update EQ Commnets