Clear your REO book
with a record you can defend.
REOMind gives special-assets and REO teams one place to see what needs action today, what each asset is worth and why, what compliance must review, and who approved every decision.
Every month an asset sits, it costs you twice.
Carrying costs (taxes, insurance, preservation, utilities) keep accruing, and examiner attention grows with the holding period. Meanwhile valuation, risk review, compliance and buyer outreach usually run one after another, across vendors and spreadsheets.
in other real estate owned at Florida-headquartered FDIC-insured banks on June 30, 2026, up about 33% from a year earlier.
Source: FDIC BankFind Suite, call reports.
Answers your credit committee will ask for.
A ranked queue: decisions waiting on a person, open compliance items, high-risk assets and anything aging past your threshold.
A value range with comparables, assumptions and data dates, and the net recovery after costs.
Market, title, timeline and carrying-cost risk, with a recommended mitigation.
Environmental documentation, fair-housing review of marketing, disclosures and permits, flagged per asset.
Buyer profiles that fit the asset, with the reason for each match. Outreach goes only after approval.
Every approval, rejection and override with a name, a time and a reason, kept as the asset’s audit history.
Measured against your own baseline.
We don’t publish speed or savings claims. A 90-day pilot measures REOMind on a set of your assets and reports the results to you.
Days in REO before and after, carrying cost per asset, valuation variance against sale price, recovery against book value, and time from intake to approved decision.
A 30-minute walkthrough on sample data, then a de-identified list of your assets transferred securely, never by email.
See it on your kind of portfolio.
A 30-minute walkthrough for special-assets, REO, credit and compliance teams.