Banking Suite
REO Management
Process Real Estate Owned properties from foreclosure through final disposition.
Key features
Property Lifecycle
Manages properties from inception through final disposal.
Appraisal & Inspection
Files and tracks appraisals, inspections, and legal litigation.
Financial Statements
Maintains complete financial statements and REO budgets.
Listing Management
Tracks real estate listings, expirations, and broker information.
Like every MIMICS system, REO Management is customised to your institution and interfaces with the other MIMICS modules and your third-party systems. How we deliver →
Quick answers
About REO Management
What is MIMICS REO Management?
REO Management is part of the MIMICS Banking Suite. Process Real Estate Owned properties from foreclosure through final disposition.
What are the key features of MIMICS REO Management?
Key features include Property Lifecycle, Appraisal & Inspection, Financial Statements and Listing Management.
Can REO Management be customised and integrated with other systems?
Yes. Like every MIMICS system, REO Management is customised to each institution’s requirements and local regulations, and interfaces with the other MIMICS modules and third-party systems. It can be deployed on-premise, in the cloud (AWS, Microsoft Azure, Oracle Cloud and others) or in a hybrid model.
Who builds and supports MIMICS REO Management?
MIMICS, Inc. has built financial software since 1976. Its India subsidiary, Wildgrube Software in Hyderabad, develops, tests, implements and supports MIMICS systems.
See REO Management working with your data.
Tell us about your institution and the problem you are solving. We will show you how MIMICS systems fit — remotely or on-site.