Conexxus, a developer compliance management software, introduced REO Optimizer, a combined service and software offering for the banking industry. The company has claimed that the offering combines real estate development and banking expertise, as well as document gathering services using CONEXXUS, a monitoring software. The company has said that the combination provides critical property data to facilitate decision making and disposal of distressed development properties.
Reportedly, REO Optimizer identifies what critical documents are needed, gathering and organizing the necessary data. Further, the software also shares this data with both the bank and its buyers through the web.
Jeff Reibel, founder of Conexxus, said: “We worked hand-in-hand with national banks and developers, to ensure that the expectations of both banks and buyers have been met by REO Optimizer. We are pleased to offer a solution to financial institutions plagued with distressed development properties, and to assist them with resolution and recovery.”
