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New Vista Asset Management Selects RES.NET as REO Platform

RES.NET, a provider of software applications connecting real estate professionals and consumers, today announced that it has expanded its relationship with San Diego-based New Vista Asset Management. New Vista, a RES.NET customer since 2009, has selected the company’s REO platform as its system of record.

New Vista previously used RES.NET’s REO Portal for a portion of its files and client engagements. The company chose RES.NET because its functionality and communication efficiencies are superior to those of other market solutions.

“We initially worked in the RES.NET environment as a result of a specific client engagement,” said Brian Hurley, president and COO, New Vista Asset Management. “With the ability to research the market and select a portfolio-wide platform that best suited our needs, we chose the company’s REO Portal. The efficiencies gained through RES.NET’s portal and the increased accountability for all parties is something that we now look forward to bringing value to our entire platform.”

Through RES.NET, New Vista’s agents will now have much easier access to the files they need as well as the ability to close files much faster, reducing the time previously required to complete transactions.

“For several years we have worked with New Vista, providing the technology to facilitate better communication with clients and all other real estate professionals involved in the REO transaction,” said Todd Mobraten, COO and president of USRES and RES.NET. “In the mortgage industry, it has become evident that technology must be used as a tool to remove the burden of compliance while also ensuring all tasks, documents and other activities are managed accurately and in a timely manner.”

About RES.NET

RES.NET, initially established in 2003 as a subsidiary of USRES, provides an array of portals designed for different aspects of the real estate industry and integrates servicers, brokers, outsourcers, third-party service providers, homeowners and buyers. Through specialized portals, RES.NET users can each access the same system to optimize communication and streamline processes. The portals deliver a customized, automated workflow and centralize data and documentation to create a continuous audit trail. For more information about RES.NET, visit its website at www.res.net.

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