Vendor Resource Management’s Short Sale Service can determine the current market value of properties and the best sale price based on real-time market data. This service provides brokers with informative Broker Price Opinions (BPO) and appraisals. BPOs and appraisals are determined by Vendor Resource Management’s (VRM) team of over 100 licensed professionals to determine the fair market value of the assets. VRM clients are able to review all BPO and appraisal data on their online system. VRM can also assist with potential customer requests as well as those from borrowers in default.
VRM links the lender, the mortgagor in default, the brokers, and potential buyers together in a web-based environment. Their “property management database” is set up so that a borrower’s required documentation can be uploaded via VRM’s system and reviewed for approval by the lender.
The listing broker can interact with the client, through a dedicated VRM Asset Manger, solely based upon our interactive web-based system.
VRM clients will receive the following benefits:
VRM can handle the entire short sale transactional process for their clients or they can assist them in a limited capacity role.