AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
DRI Tech Facilitates REO Sales Communication.
REO asset managers are looking for a more sophisticated listing analysis to make sure properties are valued appropriately.
DRI Management Systems in Newport Beach, Calif., has worked diligently to figure out ways to analyze properties internally to come up with the most accurate price for real estate owned assets, according to Duke Olrich, president and chief executive officer.
It is very critical to come up with a good price. That means, working with vendors and appraisers you have confidence in. You dont want to chase the market listing, said Mr. Olrich. Our clients are asking for more sophisticated prices, an accurate number that will sell in a reasonable time frame, within 60 to 90 days. You dont want to be half a step behind the market.
In todays down market, California, Florida, Nevada, Arizona, Ohio and Michigan continue to see large numbers of REO properties. High volumes of loans are going into foreclosure and ultimately into REO, and the values are going backwards. Losses are increasing in these states.
Investing in the right technology can help Realtors and brokers dispose of more REO properties through unique marketing strategies. Technology tools allow asset managers to communicate better with REO brokers, said Mr. Olrich. More importantly, it can help strengthen the offer side of the transaction. With a good approval engine, the real estate broker types the information in, and someone at the asset manager is notified that they have an offer. If necessary, a counter offer may be appropriate or additional approvals may be necessary.
DRI is developing the next generation of default management software, code-named Rincon. Scheduled for 2Q08, this new solution will take advantage of the latest technologies while retaining and building on the functionality of our current suite to provide the most functionally rich and productive tools available.
Rincon uses ...
- Asset Managers' Tech Challenge: Turn Investment Information Into Knowledge For...
- Press release article from: Business Wire November 20, 2000 700+ words
...the Arthur Andersen report, is for asset managers to provide value-added services over...personal business relationships for which asset managers are known among HNWIs. Technological...revenues. Surveying 216 HNWIs and 248 asset managers worldwide from July to October 2000...
- Asset managers reassess approach to the wealthy. (News).(Brief...
- Magazine article from: Australian Banking & Finance February 15, 2002 700+ words
RELATIONSHIPS BETWEEN ASSET managers and their high net worth clients must rapidly...worth individuals (HNWIs) demand from their asset managers and the perceptions of asset managers about their ability to assess and meet client...
- New Challenges, Opportunities Await Asset Managers, According to Arthur...
- Press release article from: Business Wire November 20, 2000 700+ words
...markets. Surveying 216 HNWIs and 248 asset managers worldwide from July to October 2000...financial services team found that asset managers will be expected to respond to demands...money" customers will loom large; asset managers will be pressured to continue providing...
- Asset Managers Beg to Deal in Forex.
- Newspaper article from: Zimbabwe Standard January 24, 2009 700+ words
...AIMZ), a body representing the 17 asset managers, in a letter dated January 14, told...Chinamo said. "We propose that asset managers be granted approval to mobilise and...foreigners wishing to invest through local asset managers," Chinamo said. He said that the...
- M&A Revival Eludes Asset Managers.
- Magazine article from: Investment Dealers' Digest May 3, 2004 700+ words
...merger-and-acquisition deals among asset managers, other Wall Street bankers agree. Asset managers have lost billions of dollars since...funds, an area of growing interest for asset managers. According to Thomson, 33 deals...
- Pension Funds and Asset Managers Need to Better Connect on Tomorrow's...
- Press release article from: Business Wire September 18, 2006 700+ words
...unwilling to buy new products from their asset managers, according to a new global research...interview responses from three hundred asset managers and pension funds in 37 countries representing...hedge funds were cited by over 60% of asset managers as the products best suited to ...
- Analysts question asset managers' future.
- News wire article from: Europe Intelligence Wire October 18, 2006 700+ words
...stock market lifting the stocks of many asset-managers so far this year, there are questions...a pullback in their share prices. Asset managers include a wide variety of companies...which tracks funds. He contends the asset managers' stocks have risen too quickly...
- Manulife Financial to Add Asset Managers and New Portfolios to Venture...
- Press release article from: Business Wire March 30, 1999 700+ words
...Investment Lineup Leading Institutional Asset Managers State Street Global Advisors and PIMCO...this exclusive combination of leading asset managers representing load, no-load and institutional...products. Five of America's top asset managers will join the investment lineup...
- Research and Markets: 77% Of Asset Managers Believe Private Individuals Are the...
- Press release article from: Business Wire June 14, 2005 700+ words
...market; key success factors required by asset managers in this market. The intended audience...includes retail and private banks, asset managers, financial advisers, insurers and...the industry based on the views of asset managers across five key European markets...
- Fitch To Rate CDO Managers.(collateralized debt obligation asset...
- Newspaper article from: Bank Loan Report Iyer, Savita February 11, 2002 700+ words
...increasing amount of emphasis on the asset managers themselves. Who these individuals are...rating agency will assign ratings to CDO asset managers themselves. "The role played by asset managers [in the CDO business] is crucial...
Source: HighBeam Research, DRI Tech Facilitates REO Sales Communication.