PRO REO launched by Equator

Default servicing software provider Equator has launched PRO REO into the middle market. The new tool, encompasses the best practices of Equator’s enterprise real estate owned (REO) application.

Company CEO Chris Saitta says outsourcers and servicers can implement PRO REO in less than a day. "They receive all the benefits of our best practices, along with the ability to immediately transact with over 665,000 agents and 18,000 vendors electronically," he explains.

“Many of the sellers adopting PRO REO are converting from existing systems to gain the efficiency and scalability they’ll need to handle post-moratorium REO volumes,” Saitta adds.

Equator plans to launch a mid-tier PRO version of its short-sale solution with Home Affordable Foreclosure Alternative program compliance in the second quarter of this year.