Nationwide REO Brokers, Inc. offers Rental and Property Management Services to …

BRAINTREE, Mass., Jan 26, 2012 (BUSINESS WIRE) –
Massachusetts- based Nationwide
REO Brokers, Inc. (“NREOB”), a default solutions provider for the
management of bank and investor-owned real estate, recently expanded
their service offerings to include Rental
and Property Management (RPM). RPM enhances the default solutions
suite already offered by NREOB, which includes REO management and sales,
inspection and valuation services, property preservation and eviction as
well as forensic, quality control, title curative and closing services.

Expanding into rental and property management services allows the
Nationwide Team to meet the current demands of an ever-evolving default
industry and provides a new strategic opportunity for investors and
institutional sellers. Due to the increased demand for the planned
management of occupied properties acquired through foreclosure, along
with the need to expand rental opportunities on existing vacant units,
RPM of REO properties is one part of the solution to the currently
challenged housing market. RPM services benefit institutional property
owners, consumers and communities alike: owners recognize cost savings,
risk mitigation and improved income stream, while consumers and
communities have consistent management to meet their local housing needs
and ultimately the advantages associated with increased access to
available units. NREOB has customized their existing platform to provide
full services in all aspects of property management. In addition, NREOB
has designed a number of different management models, each suited to
different client needs, and scalable to meet fluctuating inventory
levels. An extensive background in coast to coast property management
and evictions, and a national professional network of agents and
managers, allows NREOB to be expertly qualified to oversee the
negotiation of lease terms, the collection of rents, and the management
of all types of rental properties, including rent- controlled and
government-subsidized rental units. The property management staff is
well-trained in all aspects of property repair issues, as well as
eviction and lockout services.

In conjunction with this the new service offering, Nationwide has
completed system upgrades within their proprietary system, Asset
Management System (AMS). AMS is an online asset management workflow
system which, in addition to directing workflow, tracks documentation
and communications with occupants, brokers, attorneys, contractors and
clients on a single platform in a secure, on-line environment. Within
the property file, users have real time access to property status,
contact information, rent roll history, property event history,
pertinent documents and all file specific communication. Institutional
owners also have customizable options including portfolio and property
level reporting tools and the ability to integrate with a secondary
system of record.

Nationwide REO Brokers, Inc. is a full-service provider for the default
services industry and investor community. For more information on
property management and default solutions, please contact info@nreob.com
or visit
www.nreob.com .

SOURCE: Nationwide REO Brokers, Inc.

        Nationwide REO Brokers, Inc.
        Barbara Mancovsky, 781-348-7004
        Barbara.Mancovsky@nreob.com

Copyright Business Wire 2012