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USRES Enhances Proprietary Valuations Platform

February 11, 2014

Leader in origination, default valuation solutions improves technology, named Flagstar Bank’s approved AMC

LAKE FOREST, Calif.--(BUSINESS WIRE)-- USRES, a provider of management solutions for real estate assets and parent company of technology platform RES.NET, now enables customers to automatically order, route, track and complete origination and default valuation orders.

USRES has also been named Flagstar Bank’s approved appraisal management company.

“For many years USRES has been an appraisal management company of choice for top servicers, and we are now harnessing more than 20 years of expertise in valuations to provide a total quality control solution,” said Keith Guenther, CEO of USRES and RES.NET. “The platform manages timelines, cost analysis, vendor/AMC compliance and valuation variances, eliminating the burden of time and labor intensive due diligence. The introduction of these upgrades will result in USRES eliminating compliance concerns as well as significantly increasing efficiency gains for our valuations clients.”

The upgraded technology allows users to define automated routing rules; for example, the maximum number of assignments a vendor can accrue. It gives them complete visibility into each transaction, flagging items that need further attention. The solution improves servicers’ quality control and compliance efforts, reviewing vendors’ licensing and insurance to ensure no fraudulent activity appears on any valuation.

Guenther added, “We are constantly assessing ways to improve our technology to better serve our clients, and these added features bring them new levels of connectivity and transparency to more easily manage activities and communication with all parties involved.”

About USRES

Established in 1991, U.S. Real Estate Services, Inc. (USRES) provides an array of financial support services for valuating and liquidating real estate assets, such as broker price opinions, appraisals, rental surveys, value reconciliations and data driven valuations. USRES also provides extensive liquidation services such as REO disposition as well as supporting services, including HOA management, eviction management and property tax coordination. For more information about USRES, visit its website at www.usres.com.



For USRES/RES.NET

Sheryl Gudelsky, 678-781-7229

or

Kathryn Farmer, 678-781-7208

Source: USRES


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Source: Business Wire


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