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About Us
National REO utilizes the
technical and state-of-the-art resources of its parent company Coface. Our
service
has the feel of a small company and our clients receive the personalized
attention they desire. The power of Coface
support gives our clients the
advantages of dealing with a larger company as well.
Find us on the
FDIC-approved contractor list and the Louisiana Department of Receivership, the
HUD and the SBA-approved vendor list, and also on the membership rosters of
NAGGL (National Association of Government Guaranteed Lenders),
TMA(Turnaround Management Association), CFA (Commercial
Finance Association),
IFA (International Factoring Association), and BCMFA
(Broadcast Commercial Management Finance Association).
The key to the success of
National REO is an interactive web-based program. As client, you have the option of
placing current orders online if you wish as well as viewing orders that have
been archived streamlining the process and saving you valuable time.
Appraisals
When a more in depth review is required to determine true value, NREO provides
several levels of appraisals. All include a fully-detailed report including
photos and comparables and are completed by fully licensed and certified
appraisers. Approximate turn around time varies depending on the project.
Traditional, Desk Top or Field Review, MAI, SRA, SRPA, SREA, FHA – Specialty
appraisers are part of the NREO network as well. All appraisals are completed.
Broker Price Opinion
An alternative to conventional appraisal products, a BPO provides a professional
opinion for current market valuation in a timely and cost-effective manner, and
we are a HUD-approved vendor. This report contains comments related to local
market conditions, immediate neighborhood characteristics, subject property
condition and an analysis of 3 current listing and 3 recent sales of comparable
properties, including photos, culminating in the broker’s conclusion of a
suggested list and sales price. Each is handled by a local licensed real estate
professional and we are well known for our strong turnaround times.
Site Inspections This is a basic “drive-by” to determine property
occupation and condition, if a company is open and operating and/or the assets
that are on-site. Photos accompany the report. Correspondence can be delivered
at this time as well as pre-scripted message delivery and/or Q&A.
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