Equator, a leading provider of default software and marketing solutions for many of the country’s top servicers, real estate agents and vendors, recently announced two multi-year contracts – one with Trinity Financial Services and the other with Trojan Capital.
Equator said in a press release that the two companies will utilize its recently enhanced Equator PRO REO product, part of the Equator PRO line of solutions. Equator PRO REO is a software-as-a-service (SaaS) solution that helps servicers increase efficiency and vendor oversight throughout the REO servicing process.
Designed for all portfolio sizes, Equator PRO REO provides servicers with tools intended to help them make more strategic and cost-efficient default servicing decisions. Prior to marketing REO assets, customers can leverage features, such as automated valuation ordering, property repair management tools, monthly market reports, direct connections to the EQAgent and EQVendor portals, rapid offer negotiation tools and more. Through these features, the Equator PRO REO solution is designed to help servicers manage vendor oversight, maximize sales prices, shorten timeframes and reduce costs to improve their overall REO asset management execution.
To continue delivering powerful solutions in today’s ever-changing marketplace, Equator also announced that it is launching new and enhanced features to the PRO REO product, including:
- New repair tracking and ROI tools – Customers have transparency into all phases of repair from inspection to signoff, helping users determine proper strategies and maximize return on their assets.
- New vacant property registration tool – Customers can register vacant properties and have an easier time staying on top of local municipality requirements.
- Upgraded third-party vendor integration for all pre-marketing duties – Customers have the flexibility to work with either real estate agents or third-party providers to strive for the most effective on-the-ground marketing coverage for their properties.
- Upgraded agent search with smart matching recommendation tool – Customers can use a new asset management analytics tool to help them list and sell their properties.
- Optimized marketing on Equator.com – Customers receive free marketing and search engine-optimized property listings to generate interested buyers.
“Equator is committed to delivering innovative and customizable solutions for customers to easily manage default portfolios of all sizes and maximize return on investment,” James Vinci, vice president and general manager of Equator, said in the release. “The new product features and enhancements of Equator PRO REO will make it easier for our customers to pick the right management strategy and execute it in an automated fashion. We continue to solve the needs of mid-size servicers, providing them with a deep nationwide network of 55,000 active real estate agents and 35,000 vendors.”
Additionally, Equator most recently celebrated the addition of two notable Equator PRO REO customers:
- Trinity Financial Services, LLC is a private equity firm that purchases assets or loan pools of nonperforming second mortgages with expectations of converting a high percentage to performing status. Trinity Financial Services also specializes in REO asset management services. Trinity Financial Services utilizes Equator to manage its default asset portfolio on the same platform that large banks utilize.
- Trojan Capital Investments is a private equity firm that purchases assets or loan pools of non-performing second mortgages with expectations of converting a high percentage to performing status. Trojan Capital Investments utilizes Equator to manage its default asset portfolio on the same platform that large banks utilize.