Conexxus, that provides integrated automation, compliance and monitoring software solutions, has launched Conexxus Buyer Group (CBG) to further support bank clients’ efforts to eliminate distressed development properties. Conexxus aims to reduce the number of non-performing assets and help lead the economy to recovery.
CBG enables select buyers to search bank clients’ databases and view properties, key data and related files with no service charge. Not only does this program provide a more efficient buy-sale process, but also ensures that prospective buyers are qualified and able to purchase the distressed property.
Conexxus also launched REO Optimizer, a solution to capture key documents for banks’ distressed development properties. Documents are organized in an online searchable platform to automate the sharing of key documents with prospective buyers. By pairing REO Optimizer with the CBG, banks are able to eliminate distressed properties.
The overall solution provides them with qualified buyers as well as a platform to seamlessly search properties and critical information to make better buying decisions. REO Optimizer combines real estate development and banking expertise, as well as document gathering services using CONEXXUS’ patent-pending monitoring software.
The combination provides critical property data – historically unavailable to banking professionals in an organized and expedited format – to accelerate decision-making and facilitate the timely disposal of distressed development properties.
Jeff Reibel, founder and chief executive officer of Conexxus, said: “With the Conexxus Buyer Group, we’re offering more than a solution – we’re offering qualified buyers to our bank clients. By implementing REO Optimizer and leveraging our deep relationships with investors, banks have a solid opportunity to eliminate non-performing assets and move the nation closer to economic recovery.”
