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Fidelity and REO.com Join Forces.(Brief Article)

Mortgage Servicing News

| August 01, 2003 | COPYRIGHT 2003 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Fidelity Information Services, formerly Alltel, has entered into a strategic alliance with REO.com to develop an interface that will pre-populate fields on REO.com's website with data from Fidelity's Mortgage Servicing Package to reduce costs for lenders and those involved in the management of defaulted loans.

REO.com, based in Sacramento, Calif., provides the Offer Management System as well as an online marketplace for distressed real estate-owned properties. These services allow investors to make offers on properties that have been removed from foreclosure due to a lack of sufficient bids.

By placing the property on the REO.com website, customers can view properties and make bids through an agent, who can then either ...

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Source: HighBeam Research, Fidelity and REO.com Join Forces.(Brief Article)

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