Owned Real-Estate

Overview

Real estate owned by the bank is becoming a critical part of the bank portfolio where laws and regulation enforce certain process and procedure in order to manage and sustain the owned real estate of the bank, and it is becoming a vital part in the financial institution, due to the worsening of the economic situation, some banks manage their owned real estate by the recovery department , administrative department or legal department.

Features:

The tasks and responsibilities require data and information to be organized . Focus solutions has developed this solution in Order to generate an increase in the efficiency of owned real estate operation and capacity by automating management process and to help the department to get quick information.

Focus Legal Module platform is dedicated to the management of litigation process of the real estate collateral ,costs , advisory and consulting work , follow up , estimations and values . It manages all different work of litigation and advisory work and follow up of the department and other responsibilities of the legal department . focusing on Data quality and filtered reports which help the senior director of the institution to access to identify the most appropriate strategies to deal with owned real estate and legal matters.

Manage all the process , dates , reminders and actions in order to execute real estate collateral by the institution (Bank)
Detailed real estate information and personal information of owners , renters , contact information , account information etc…
Detailed information of legal cases and matters sessions information , procedure information , cases costing and collection etc…
Detailed information of follow up.
Detailed information of real estate evaluations , offers and costs.
Follow up summary and reminders.

Benefits:

Daily reminders and follow up for actions.
Reporting services.
Can be customized based on customer request.
Multi Lingual.
Web enabled and can work over the cloud.

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