FNAMS Joins Forces with Online REO Firm.(Fidelity National Asset Management Solutions, REO.com Inc.)

Fidelity National Asset Management Solutions, a third-party provider of REO outsource services, has announced a strategic technology alliance with REO.com Inc.

REO.com is a provider of real estate-related workflow products, foreclosure data and management services.

"This partnership delivers significant productivity gains and cost reductions to lenders, servicers, asset managers and REO listing brokers in mortgage default management and the sale of real estate-owned properties," said Tom DiMercurio, president of FNAMS.

Under the agreement, FNAMS will integrate REO.com's offer management system within FNAMS' outsourcing operations and provide the software to real estate brokers and agents who manage the sale of FNAMS' real estate- owned properties. REO.com's offer management system will be used by FNAMS as its communication hub to manage its agent network and to allow servicing clients to electronically deliver property listings via the FNAMS and REO.com website.

Additionally, REO.com's distribution partners will also feature FNAMS' REO listings for Internet marketing purposes. The system processes and delivers property offers electronically for approval or counteroffer to maximize efficiency and accuracy.

Sign up for the offer management system technology was premiered at FNAMS' conference for REO brokers and agents in August.

"REO.com's technology and extranet capabilities enable FNAMS to create more efficiencies in our ...