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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 EQ
Vacant - 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

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REO Workflow

  • 1. 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 EQ Vacant - 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