Our REO services provide brokers and agents the opportunity to have an expert staff available to support the daily requirements of the REO industry. Our high level of services focuses on providing excellent services to the Asset Managers and Asset Management Companies. as well as provide the additional requirements to help you improve your overall Rating/Score.

At Online REPA, our goal is to ensure that your closings are conducted in a professional and smooth manner. Backed with 12+ years of real estate closing and support experience, we understand that a successful closing equates to referrals and professional growth.

 

Online REPA Contract-to-Close
Property Services REO Bookkeeping REO Closing Services

Property Preservation Services

  • Accept assignment notifications
  • Order occupancy check
  • Obtain HOA/COA Information
  • Order initial BPO
  • Forward RELO/Cash for Key agreements to tenants
  • Order Re-Key
  • Order and submit bids for trash-outs, repairs, and clean-ups
  • Order lawn services, winterization, and pool services
  • Setup and manage all vendors, collect all required documents (waivers, W-9, Cert. of Liability)
  • Turn on and off all utilities
  • Contact county and title regarding liens (if applicable)
  • Schedule inspections

REO House Repair, REPA, Online, BPO

REO Reimbursement and Bookkeeping

       
  • Setup and manage all vendors, collect all required documents (waivers, W-9, Cert. of Liability)
  • Turn on and off all utilities
  • Collect all vendor reimbursements
  • Complete and submit all bank reimbursements
  • Audit all reimbursements weekly for non payment
  • Track all reimbursements using QuickBooks
  • Manage all utility accounts
  • Monthly reconcilation of your REO bank account
  • Provide weekly and monthly reimbursement reports
 
 
Online REPA, REO Reimbursement, Bookkeeping

REO Closing Services

  • Collect offers
  • Compile and submit complete offer packages to the seller/bank
  • Obtain high and best offers (if applicable)
  • Submit seller counter offer to the buyer/selling agent for signature
  • Review counter offer and reo package for completeness and signatures
  • Obtain buyer pre-approval or proof of funds
  • Distribute seller/bank accepted contract
  • Monitor the closing process by following up with the lender, title company
  • Update the seller/asset manager on a regular basis (weekly)
  • Monitor and obtain all contingencies and contingency removals
  • Obtain and distribute the appraisal, inspection reports, and addendums (if applicable)
  • Obtain firm loan commitment (unconditional loan commitment)
  • Order HUD-1
  • Submit closing package to the broker, agent, and/or office