BackInTheBlack^® Integrates REO Functionality

Baltimore, MD - MSTD, Inc., Baltimore, MD, and RES.NET, Lake Forest, CA, recently announced the integration of RES.NET's REO case and transaction system into BackInTheBlack's (BITB) Web-based default servicing platform.

"By integrating, not merely interfacing RES.NET into BITB, our mortgage servicing clients will be able to leverage RES.NET's superior REO case management; realtor network and asset valuation service without their users having to log off BITB and transfer-data," said Cam Melchiorre, executive vice president, MSTD.

"By marrying RES.NET to BITB, mortgage servicers now have complete default servicing functionality with a single point of entry into BITB and the efficiency-gains inherent in a unified process," added Todd Mobraten, national marketing director, RES.NET.

MSTD, creators of BITB, develops Web-based solutions for any debtor creditor relationship. BITB is the only commercially available default-servicing platform with HUD approval.

RES.NET streamlines the REO management process among servicers, brokers and REO buyers. RES.NET provides a fully functional platform from the point of foreclosure sale through closing of an REO property.

For more information, Please contact us at (410) 837-0161.