The REO/Default Transaction
Understanding the REO/Default Process is the Key
First Title offers superb title insurance and settlement services. We realize that pre-foreclosure, REO bank owned, and properties with severely delinquent loans present a unique set of challenges. Our in-house team specializes in meeting these challenges head on. We have completely scalable systems for handling distressed and REO properties, and further tailor our workflow to mesh with the process mapping of our individual client. With decades of experience in the industry, our REO veterans will ensure that your needs are met, whether you are a national bank, loan servicer, asset management company, auction house, foreclosure attorney, realtor, investor or any other stakeholder in the foreclosure process.
We have streamlined the default title process to reduce turn-times and improve accuracy, thereby decreasing the costs for our clients. First Title offers the simplicity of a centralized solution with the personalized advantage of local service, and our maturity and technological savvy place us in an optimal position to provide fantastic service on a scale both national and regional.
This unique and tested process eliminates errors of all types, including the delays that result from juggling multiple vendors. Our curative teams work hard to ensure expedited foreclosed lien clearance, and our compliance specialists ensure that regulations and laws are followed to the letter. We provide accurate valuations of all types that increase the profitability transactions. First Title integrates easily with the default clients’ technology of choice to avoid redundancy and inefficiency. We also offer customized reporting, allowing you to visualize all closing-related data. Our teams have 50-state REO expertise in coordinating deed and other document preparation, recording services, reviewing HUDs, and delivering funds rapidly after closing.
During all steps of the process, we work hard to ensure that your assets retain their value and to mitigate any associated risks. Our asset management team works to reduce cycle times,with the goal of maximizing recovery and stabilizing communities.
To find out more about our foreclosure and default services offerings, call First Title today at 866-484-8537 or request a free consultation.