Industry NewsTechnology

Partnership seeks to reduce REO inventories

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DepotPoint Inc., a service that offers tracking, recording and management of property-related data through its Web-based application, REO TrackPoint, is partnering with Alpha Closing Inc. to form a national network of real estate agents to assist asset managers, loan service providers and banks in selling off inventories of foreclosed properties. Alpha Closing Inc. offers an online community of real estate agents and affiliates that provides resources for short sales and REO properties. The network formed by the partnership, dubbed the Alpha Agent Network, will serve as a gateway for agents to access the REO Trackpoint system and community with asset managers to list and sell REO properties. DepotPoint provides the ForeclosurePoint service, an online marketplace for default properties. *** What's your opinion? Leave your comments below or send a letter to the editor. ...