RealtyTrac Launches New Asset Management Software.

Lake Forest, CA -- RealtyTrac, an online marketplace for foreclosure properties, has released the RealtyTrac Asset Management System to help asset managers and real estate agents to post, market, manage and sell real estate-owned properties.

It is available as an on-demand service or as licensed software, the company said.

RealtyTrac, with nearly two million distinct visitors, is the exclusive foreclosure data provider to AOL Real Estate, MSN House & Home, Yahoo! Real Estate and HomeGain.

With interest rates rising and home price appreciating slowing, the inventory of pre-foreclosure, foreclosure and REO properties is growing, RealtyTrac said.

Proprietary asset management systems have been expensive to purchase and complicated to implement, the company said. As a result, many mortgage companies have been unable to deploy systems for REO management and disposition.

But a rising REO inventory will have mortgage servicers scrambling to implement systems to manage workflow in the asset management arena, RealtyTrac said.

"We set out to create a low-cost, end-to-end, scalable solution with a comprehensive suite of asset management, marketing and offer management tools," said ...