The Next Generation End-to-End REO Management

REO management has come to be recognized as an important element in an organization’s loss mitigation strategy. We believe that a well-managed process can turn REO into a profit powerhouse with multiple affiliated income streams.

Some of the comprehensive REO Management functions VisiREO provides include: eviction management, property management, expense management, repair, valuation and marketing strategies, broker/vendor selection, contract negotiation, and escrow/closing services.

In addition, VisiREO is prepared to provide management in many special situations that may arise during the REO lifecycle such as environmental conditions, and litigation and title issues.

Our management system, VisiREO, offers a competitive advantage when providing REO outsourcing services and related products. The software automates business process and facilitates data availability, integrity, and reporting. The architecture is configurable for streamlined integration with third party systems as well.

Business Needs

It is essential for Mortgage Banking Institutions to have a comprehensive, flexible, and scalable REO Management System and that is exactly what we strive to provide.

System users can complete their tasks efficiently and in a timely fashion, while receiving increased levels of visibility and management control.

Six existing services where major improvements can be achieved

  • Advanced Vendor Network
  • Client Service Teams
  • Repair Strategy
  • Buyer Qualifications/Loan Origination
  • Billing Services
  • REO Timeline Management
  • Offer management, Offer History
  • Closing (Closing Tracker)
  • Accounts payable (Bill Tracker)
  • Reporting (Report Tracker)
  • Vendor management (Vendor Tracker)
  • Workflow management (Task Tracker)
  • State Timeline management (Time Tracker)
  • Case notes (Note Tracker)
  • Property management (Tenant Tracker)
  • Letter writer/merger (Letter Tracker)
  • Broker on Phone & Customer “One Touch” Screen, Bonus Calculation

Product Features

  • Security and User Access Management
  • System administration
  • Application Workflow and tasks
  • Data Collection and Analysis
  • Report Generation, Letter and Document Generation
  • Pre-Marketing/Marketing (Property Tracker)
  • Value History, Marketing Strategy

Business Model

VisiREO’s business model is based on best practices in the REO industry. As the solution is built on state-of-the-art workflow and rules engine, the model can be configured and changed without major re-engineering.


VisiREO – Modules


Technical Environment

The system has been built and deployed on Microsoft Windows platform. Following are the key technologies that have been used in application development process:

Technology Application

Microsoft SQL Server 2000

Back-end database has been developed in Microsoft SQL Server 2000 – the set of components that work together to meet the data storage and analysis needs of the enterprise data processing systems.


provides browser-based front-end for the users. ASP.NET is part of the Microsoft’s .NET Framework technology.

System Flexibility and Customization

Visionet gives highest priority to enduser ease and comfort. Following are some of the points that have been considered at the time of system design and development:

Multi-tier Architecture

The system has been designed under a multi-tier model, with each tier designed to perform its tasks and to integrate with other parts of the system.

System Administration

The System Administration Module allows the System Administrator to customize various characteristics of the application to match the end-user preferences.

Access Management System (AMS) Integration

The Integrated AMS allows the System Administrators to manage Roles and User Accounts. Each user is able to access the subset of application features, as identified by the System Administrator.

Data Import and Export

Users have been provided an interface to Import and Export data from/to popular data formats, including MS Excel, CSV and XML.

System Scalability and Future Growth

System Scalability and provision for future Growth are the core building blocks of our design process. The system has been built on state of the art technologies like Microsoft’s .NET Framework and SQL Server 2000 that allow comprehensive opportunities for the future growth of the system.

Visionet offers a comprehensive range of solutions and services for mortgage and title firms. To learn more, please visit the Visionet Mortgage microsite.