Prepare now to manage REO (real estate-owned) inventory growth
At a glance
Now is the time to start strengthening your REO infrastructure to control costs and optimize returns. Industry experts have long warned of a massive and growing shadow inventory of real estate that is set to hit financial institutions’ books as REO properties.
Now is the time to start strengthening your REO (real estate-owned) infrastructure to control costs and optimize returns. The predicted surge of REO properties will likely place financial institutions at risk for increased losses. These challenges not only can - but must - be overcome as the costs of maintaining and liquidating REOs will only increase as they continue to saturate the market.
You can help your organization meet the demands of a high-volume REO environment by:
Setting a strategy to optimize returns
Assessing your resource requirements
Strengthening your infrastructure
Establishing relevant, meaningful modeling and performance reporting