REO management has come to be recognized as an important element in an organization’s loss mitigation strategy. We believe that a well-managed process can turn REO into a profit powerhouse with multiple affiliated income streams.
Some of the comprehensive REO Management functions VisiREO provides include: eviction management, property management, expense management, repair, valuation and marketing strategies, broker/vendor selection, contract negotiation, and escrow/closing services.
In addition, VisiREO is prepared to provide management in many special situations that may arise during the REO lifecycle such as environmental conditions, and litigation and title issues.
Our management system, VisiREO, offers a competitive advantage when providing REO outsourcing services and related products. The software automates business process and facilitates data availability, integrity, and reporting. The architecture is configurable for streamlined integration with third party systems as well.
It is essential for Mortgage Banking Institutions to have a comprehensive, flexible, and scalable REO Management System and that is exactly what we strive to provide.
System users can complete their tasks efficiently and in a timely fashion, while receiving increased levels of visibility and management control.
Six existing services where major improvements can be achieved
VisiREO’s business model is based on best practices in the REO industry. As the solution is built on state-of-the-art workflow and rules engine, the model can be configured and changed without major re-engineering.
VisiREO – Modules
The system has been built and deployed on Microsoft Windows platform. Following are the key technologies that have been used in application development process:
Microsoft SQL Server 2000
Back-end database has been developed in Microsoft SQL Server 2000 – the set of components that work together to meet the data storage and analysis needs of the enterprise data processing systems.
provides browser-based front-end for the users. ASP.NET is part of the Microsoft’s .NET Framework technology.
System Flexibility and Customization
Visionet gives highest priority to enduser ease and comfort. Following are some of the points that have been considered at the time of system design and development:
The system has been designed under a multi-tier model, with each tier designed to perform its tasks and to integrate with other parts of the system.
The System Administration Module allows the System Administrator to customize various characteristics of the application to match the end-user preferences.
Access Management System (AMS) Integration
The Integrated AMS allows the System Administrators to manage Roles and User Accounts. Each user is able to access the subset of application features, as identified by the System Administrator.
Data Import and Export
Users have been provided an interface to Import and Export data from/to popular data formats, including MS Excel, CSV and XML.
System Scalability and Future Growth
System Scalability and provision for future Growth are the core building blocks of our design process. The system has been built on state of the art technologies like Microsoft’s .NET Framework and SQL Server 2000 that allow comprehensive opportunities for the future growth of the system.
Working with Visionet has been instrumental in allowing us to innovate and provide better overall customer experience throughout our website. Their thought leadership, broad technical capabilities, and extensive portfolio allows us to engage with them on many different projects.
Director of Ecommerce
Dooney & Bourke
Visionet came in with key domain understanding of our business and in short order helped us craft a reporting structure on time and in budget. We value their expertise and partnership to our company
Mr. Stuart Werner
We had changed our e-commerce platforms several times but still struggled to find the right platform to meet our growing business demands. We needed the new Demandware platform to be implemented before the holiday season, and I’m thrilled that Visionet Systems was able to deliver against a tight deadline.
VP Marketing & e-Commerce Operations
Working with Visionet’s team had been a great experience allowing us to leverage on their wealth of experience. We are now well-enabled to offer exhibitors an enriched ordering experience through quick and easy-to-use functionality and enhanced functions
Mrs. Trish Webb
VP, Application Development