Home / Headlines / Fay Servicing Adds RES.NET’s REO Portal to Manage Portfolio
Print This Post Print This Post

Fay Servicing Adds RES.NET’s REO Portal to Manage Portfolio

acquisitionRES.NET, a California-based software applications firm serving the real estate industry, has partnered with Fay Servicing to provide Fay's clients access to RES.NET's expansive network of agents and vendors through the company's REO Portal.

Through the platform, Fay clients also access to RES.NET's set of customizable operating tools to allow compliance while maintaining efficiencies.

"Under such tight regulatory oversight, more servicers like Fay are leaning on trusted industry partners to help manage their assets in a way that is efficient as well as transparent," said Keith Guenther, CEO of USRES and RES.NET. "Our goal is to help our clients balance their business needs and compliance requirements with customizable solutions and completely programmable, tailored technology to ensure they can offer the best possible service."

"We assessed several systems to manage our REO assets, and RES.NET proved the most robust and most easy to use platform," said Glenn Brooks, SVP at Fay Servicing. "The data points we capture through RES.NET allow us to seamlessly create detailed reporting for our clients as well as internally manage our aggressive timelines for the REO portfolio."

About Author: Tory Barringer

Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington's student newspaper before joining the DS News team in 2012. In addition to contributing to DSNews.com, he is also the online editor for DS News' sister publication, MReport, which focuses on mortgage banking news.
x

Check Also

Eye on Mortgage Delinquencies

March is typically one of the strongest performing months, with the lowest number of delinquencies. Did March 2019 keep up with the trend?

GET YOUR DAILY DOSE OF DS NEWS

Featuring daily updates on foreclosure, REO, and the secondary market, DS News has the timely and relevant content you need to stay at the top of your game. Get each day’s most important default servicing news and market information delivered directly to your inbox, complimentary, when you subscribe.