Does anyone recomend one over another. Anyone want to share experiences. I am looking for something that works good for REO's.

Thank you,

Interesting because I often wonder myself if one exists...but then I assume your scope of TMS is the same as mine. Morethan likely it would be web server based.

We use Quickbooks Pro; Office 2003, Pocket Real Estate but most of the REO clients have their own method of management from IM to OMS sites complete with library and online input for maintenance.

With MS XP OS we sync and port to wireless broadband MS Mobile PPC keeping native. We have not used any template overlays for Office that is offered as RE specific by Proctor, although they say they can customize I saw no financial section either. Borran may have a product Backoffice as I understand at this URL: www.borran.com

Being one with girl Friday here the entry cost of $750 appears to be only (10) interior BPOs...

I got a survey recently from one of the REO companies--sorry, can't remember which one; I think maybe Keystone. They were asking if I would use one and what it should include. I hope they do it, and I hope it is good!

I have seen good things with REOAMS for agents. It is $100/mo and another $50 for each sub user.
http://www.reotech.com/reo+software/reo+management+system/broker+price+opinions/reo+system/

Good question. Click on this:

http://recenter.tamu.edu/mreports/

When you get to this page, ignore the text and just scroll to the next to the last line and find "software" somewhere in the bar across the page.

Click on that and find categories of softwares. Here is a list of the categories they have, including Foreclosure.

Real Estate Software Directory Contents

Accounting
Advertising
Affordable Housing
Appraisal
Architecture
Association Management
Bidding
Brokerage Management
Budgeting
Buyer Property Matching
Buyer Qualification
CAD/CAM and Modeling
Calculators
Call Management
Client Management
Closings
CMA
Commercial
Communications
Construction
Contact Management
Corporate Real Estate Management
Cost Management
Database
Deed Plotting
Demographics
Design Engineering
Development
Disclosure
Educational
Energy Management
Environmental Assessment
Escrow Management
Estimating
Expert System
Farming Management
Feasibility Analysis
Financial Analysis
Financial Management
Floor Plans
Floor Schedules
Flyers
Foreclosure
Forms And Contracts
Front Desk System
Geographic Information System (GIS)
Uniform Building Codes
Graphics
Home Improvement
Inspection
Inventory Control
Investment Analysis
Land Records Management
Landscape
Lease Analysis/management
Legal
Listings Management
Loan Analysis
Loan Auditing
Loan Origination
Loan Processing
Loan Qualifying
Loan Servicing
Maintenance Management
Mapping
Market Analysis
Marketing
Mortgage Banking
Multifamily
Multiple Listing Service (MLS)
Office Buildings
Office Management
Portfolio Management
Productivity
Project Management
Property Management
Property Management, Special
Prospecting
Quality Assurance
Real Estate Owned (REO)
Recruiting
Reference
REITs
Relocation
Renter Property Matching
Reservations
Residential
Resort Management
Retail
Sales Analysis
Sales Tools
Single-family
Strategic Planning
Structural Analysis
Surveying
Tax Related
Title Services
TRACS
Trust Account
Video and Electronic Imaging
Virtual Tour
Web Design
Work-order Management
Zoning

This site is a wonderful reference. If you find a few (or a bunch) that sound good, you can post names on here to get feedback.

If you join the NRBA (National REO Broker's Association) they have a transaction management software through Evergreen that is part of the reources they offer members.

That sounds like the best place to start. One designed for REO agents would be better for Diane...more customized.

Does any one know of any other transaction management software not listed above. Any suggestions would be greatly appreciated.


Thanks

reotech.com


They offer a management system for REO's.

Do you use this?

I tried it but did not think that it fit my needs. I do think that it is a good program for agents starting out but I need a more advanced version of what they offer.

I would recommend Fidelity AGENT OFFICE software.
http://exchange.fnis.com/shop/AgentOffice.asp

I did REO Listings for 3 years, until my high blood pressure made me sloooww down. I was handling an average of 30-45 homes a month, with 8-10 closings/month. I did the Filemaker database with Quicken, and I did ACT, and a few other non typical software packages. I can say that AGENT OFFICE was not perfect, but it was 80-85% perfect for me. Besides the usual stuff--(calender, phone list, etc) One feature I loved was being able to make notes on the fly and they would be attached to a property. IE: I had a Palm Pilot, the software comes with a mini version to use on PALM. If there was a phone call, or an offer came in, or a problem with a home, what ever, I just noted the notes down in the palm, it attached a TIME and DATE to the note, and then to the property. Emails also. So when I did a monthly report to the Asset Manager, then I just printed out the CMA--(included with software-just add comps), printed out my monthly activity sheet, and WOW--it looked like a bunch of stuff was happening on the home. Also, it helps when an Overworked Asset Manager can't remember talking with you about a problem getting a Title during a closing, and you have proof for them. Protects you too. I have an older version, but if the Ver 9 is an upgrade to what I am using (Ver 5) then it must be a better program for your needs. Try it out.
My 2 cents
RWOME

Does anyone have any feedback on Mantikos Reo Software at www.fergusresearch.com

Has anyone tried Remend Reo Agent

http://reoagent.remend.com/

I have customized Top Producer with an REO listing and REO closing plan; my next step is to copy that plan and then customize it by client (ie some like their MMRs every 30 days, some on the 5th of the month - every company is different). I'm hoping this will suffice for transaction management; I like that it is very customizable. Has anyone else tried Top Producer?

I've tried customizing Top Producer as well to work with my REO listings...I just don't logon to it everyday to actually follow through on. That's something that i need to work on.

Experimenting with Mantikos. It does have a lot of pluses, however, one detraction that I have not found a solution to yet is setting up a recurring task for things such as drive by inspections and MMRs. You can schedule things starting from Day 0 and then an event on Day 30, however, if you want something to start at the beginning of the month it does not have that autmomatic capability.

The actions plans are customizable and tasks are assignable to different members of your team. The only other thing I noticed that bugs me is the last update happened in July 2004. It's a thorough system, however, and is web based. The first seven days are free on a trial subscription. We're doing the demo on REO Maestro this coming week. I'm curious to see how it compares.

Has anyone heard of Relay? It's currently being offered through our MLS system Matrix and looks pretty slick for transaction management. Anyone?

I have just started using REO Maestro. It looks pretty good so far, just takes some work to get set up on it in terms of loading info into the system. It keeps documents on my computer organized so I can find them quickly.

The only bad thing about them is:They control your database i.e. REO Maestro...it is a web driven software, I would like to own my information not the software provider.

I have recommended REO Maestro before and I will do it again. I am up to over 350 properties and could not have done it without this software application. I checked them all out and they have it all.

http://www.reomaestro.com

REO Maestro is not "web driven". you load it on your computer, but it somehow connects to the internet and works like its web drive. you get to pick where you store your forms, pictures, bpo's, contracts, etc. I keep them on my own server.

Actually part of it is web driven.

Part of it is web driven but it's not difficult to get that information from Maestro to your hard drive. The biggest detraction we saw to REO Maestro was the set up and getting web drive to work. We struggled with that application for a couple of weeks. After we got that under control, it became much easier to work with.

The pluses that I love about it are the MMR reminders (valuable) and transaction coordination (priceless). The monthly fee is what it is. I'd prefer a bit of software that we pay for once and it is totally offline (like an Agent Office) but since none exists at the moment this will do.

I have been using WinREO.net for a few months. We have many REO listings, and it is a good one. More functionality than Maestro, and a better price.

I have started using my reo office and so far it works well. I am having trouble keeping all my tasks straight for fannie - since there is no task list with them, and it has helped out big time. Cheap too.

I use ebrokerhouse.com for alot of things, inventory control, reimbursements, contacts, offers and now we are imputting our buyers and using it for "inventory" for the buyer's agents on our team. It really is developing into being a very powerful tool AND it's reasonable, less than $400 a year.