“Why did we sell that property for $40,000 less than this other buyer offered?”
“Which is more accurate, the BPO or the appraisal?”
“Is this really the best offer the listing agent received?”
“Why are we just finding out about this other lien at the closing table?
“How did we not know about this other buyer they flipped it to a week later, for more money?”
“Why didn’t we know there were 10 other offers on this house?”
“Where was all the information hiding?”
There is one answer and one answer only to all of these accusations, which are discussed in department meetings and levied at asset managers and real estate agents every single day by frustrated bankers and managers. And that answer is: Without a system that collects ALL information, you can’t possibly make the best decision.
Of course I’m talking about OfferSubmission and VerifiedShortSale, our online solutions that, for little to no cost to the bank or servicer, makes sure every person involved in the disposition of distressed assets knows every piece of information that exists. Period.
It is so easy to end these accusations, put a stop to the frustrations everyone feels in the space. It is SIMPLE.
All of these questions and more – lead generation, originations possibilities, etc. – can be answered easily and quickly when you use systems like ours. Without the software to level the playing field and inform everyone in the pipeline, you will remain in the dark.
Even night-vision goggles don’t let you see everything lurking in the corners.
Shed the light. Defend yourself and the calls will stop.
It’s the only way.
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May 8, 2015
When Good Service Fails to Serve
January 19, 2015
Can We Go Paperless (Update #2)
November 4, 2014
Can We Go Paperless (Update #1)
September 23, 2014
Where’s the boom?
September 17, 2014
Can we go paperless?
July 23, 2014
Big Data and Technology vs. Fair Housing
June 19, 2014
Innovation vs. Sophistication
June 6, 2014
Good idea, but outside of the lines
April 16, 2014
What does the housing market really look like?
March 25, 2013
Where did all the foreclosures go?
February 1, 2013
Matchmaking Originations & REO
January 20, 2013
The Wisdom of Financing
January 10, 2013
How Quickly Things Change: A Look at VerifiedShortSale.com
January 2, 2013
The Psyche of the Homeowner
December 10, 2012
Moral Hazard
December 1, 2012
What Next Year Looks Like
November 20, 2012
The New Normal
October 29, 2012
VerifiedShortSale named 2012 Release of the Year by Mortgage Technology Magazine!
September 5, 2012
Simple Answers
August 27, 2012
Do We Need Fannie & Freddie, Both?
August 13, 2012
REO TO RENTAL: Good or bad?
August 6, 2012
Waking Up to a New Housing Reality
July 30, 2012
The Two Biggest Short Sale Challenges And What You Can Do About Them
July 23, 2012
The 95%-ers
July 16, 2012
A Conversation with Lou Spampinato
May 9, 2012
All Hail the Digital Native
April 30, 2012
A Conversation with Jay Hill
April 20, 2012
Subprime, Where Are You?
April 13, 2012
Are You a Fraud Enabler?
April 10, 2012
A Conversation with Don Neill
April 1, 2012
Single Point of Contact – Not the Best Idea
March 20, 2012
Who’s Motivated to Fix the Housing Industry?
March 8, 2012
Why Doesn’t Anybody Care?
February 27, 2012
Fraud Is a Big Concern At The Biggest Servicing Shops
February 11, 2012
A Heck of a Headline…with No Teeth
February 8, 2012
Fraud or Human Nature? They Look Awfully Similar
January 9, 2012
Garbage In, Garbage Out
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