RC_LA_DA_304.2 REO Acquisition and Boarding
Management of real estate owned (REO), as a servicing function, begins with the acquisition and boarding of REO assets. The sourcing and acquisition of REO assets is typically handled by a separate department or team of people who will subsequently communicate with the boarding team to begin the process of managing the assets. Understanding the overall steps in the process and ensuring proper communication between all parties is essential for a successful start to the REO management life cycle.
REO Acquisition and Boarding describes the REO acquisition and boarding process. It begins with the sources of REO and the acquisition process. Next, it looks at the boarding process, from asset confirmation to asset tracking. At the end of the course, it looks at assignment of the asset to the proper parties in preparation for pre-marketing.
This is a single-family/residential course.
Seat time approximately 30 mins.