It is available through Fidelity National Default Solutions’ Asset Management division
RISMEDIA, Jan. 21 ? Fidelity National Financial,

has released its enhanced broker price opinion (BPO) offering for real estate owned (REO) assets.

Available through Fidelity National Default Solutions’ Asset Management division, this new offering automates the BPO process, enabling brokers to enter data online through FNAMS’ Web site, streamlining operations and resulting in more uniform and functional information, the company says.

The new online process provides lenders

with real-time access to enhanced BPO data. Prior to automating the process, lenders were only able to view four data fields, requiring them to request a mailed or scanned copy of the printed report in order to obtain additional information. With the new online format, lenders may now view over 600 data fields, in addition to receiving detailed information reports.

The expanded BPO data fields feature also provides brokers with more space to enter ancillary information that may be helpful to lenders and asset

managers.

Fidelity’s main goal was to ensure that the system would meet the needs of the brokers and lenders involved with the process. Fidelity consulted with brokers and lenders in the development phase of this enhanced BPO process.

“When designing their online BPO process, Fidelity took extreme measures to ensure they were meeting the needs of lenders as well as brokers,” said

Brad Olsen, broker for Dimensions Realty Services. “Fidelity is unique and unusual in that they consulted with all of the involved parties to create an

exceptional rather than simply adequate system.”

“Since many brokers work from home as well as the office, Fidelity’s online BPO definitely provides added convenience,” said Tish Weaster, agent for

RE/MAX Classic Homes. “The online BPO also maximizes our efficiency and gets us one step closer to a paperless environment by reducing the need to

keep multiple copies on file.”

“Fidelity’s new BPO process enables us to immediately access information online, which is a definite benefit for us when reviewing and compiling

files for internal and regulatory audits,” adds Paul Mousseau, department manager-REO for HSBC Mortgage Services. “We are also very excited about the additional data points the new process provides and the resulting enhanced reporting capabilities.”

“We are very excited to be rolling out our enhanced BPO process,” says Chad Neel, president and COO of Fidelity National Asset Management Solutions. “By combining feedback from our clients and broker partners with our cutting-edge technology, we have successfully created the most complete

online BPO available in the industry.”

For more information, visit [1] www.fnf.com

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