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New Tool Launched for REO Market

Technology BHEquator, a provider of default software solutions, recently announced the launch of Equator Agent Elite, a suite for REO real estate agents that adds transparency and actionable insight to the REO market, according to a recent report from the company.

The report states that Equator Agent Elite provides agents with access to Equator’s local market data and insights, platform and REO certification, real-time notification of new REO assets and communication capabilities with servicers. Agents now have the opportunity to utilize Equator’s evolving tools and market intelligence to help drive their business growth and gain a competitive advantage in today’s data-driven REO marketplace.

“Empowering progressive REO real estate agents with actionable local insights and improved tools in the REO marketplace benefits our servicers as well as agents,” said Michael C. Schreck, Senior Vice President of Equator. “By arming agents with local market intelligence and servicer certification requirements, agents can become more attractive to the country’s top servicers who want their assets marketed more effectively to deliver improved ROI.”

The company states that Equator Agent Elite is designed to help REO real estate agents stand out and gain more REO business by providing a deeper understanding of local market activity, platform certification and facilitating proactive communications with servicers.

The company states that some of the key Equator Agent Elite features include local REO market insights which contains visual data and analytics on Equator REO inventory from the nation’s top servicers. The report also states that this county-level data can help provide agents powerful insight into their local market dynamics. These insights, according to the company build on Equator’s focus of bringing data and analytics to the REO marketplace that are a valuable addition to the national/regional level reporting currently available.

Another key feature includes neighborhood REO alerts which allows agents to receive real-time notifications when new REO properties are available on Equator and proactively communicate to the servicer or asset manager their interest in marketing the listing and share any unique qualifications that validate their candidacy.

The company also states that Equator Agent Elite includes REO training and certification which provides detailed instruction on key servicer workflow, REO and short-sale features complete with industry terms and information.

About Author: Kendall Baer

Kendall Baer is a Baylor University graduate with a degree in news editorial journalism and a minor in marketing. She is fluent in both English and Italian, and studied abroad in Florence, Italy. Apart from her work as a journalist, she has also managed professional associations such as Association of Corporate Counsel, Commercial Real Estate Women, American Immigration Lawyers Association, and Project Management Institute for Association Management Consultants in Houston, Texas. Born and raised in Texas, Baer now works as the online editor for DS News.
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