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Nations REO using TrackPoint

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DepotPoint Inc. has customized its TrackPoint foreclosure management software to handle Nations REO Inc.'s workflow and property management operations, the companies said.Nations REO, a division of FMC (Foreclosure Management Co.), manages thousands of bank-owned properties, or REOs. The company’s customers include large mortgage lenders and banks, loan servicers and private-equity firms.TrackPoint, a Web-based platform that can be integrated with existing client systems or operated on a standalone basis, allows users to manage properties throughout the entire foreclosure process online. TrackPoint offers modules that are tailored for processing short sales, loan modifications and foreclosures, managing workflow, data integration and reporting.DepotPoint configured its TrackPoint REO module to meet Nations REO's needs.Nations REO has protocols for communicating with brokers in the disposition of REO properties, for example, which the TrackPoint platform was customized to maintain, sa...