zipLogix, creator of zipForm(R), one of the real estate industry’s leading forms software, recently announced the partnership with FNC Inc. to offer an online workflow portal. The partnership will facilitate REALTORS® with a direct connection to top financial institutions that place listings and order hundreds of thousands of broker price opinions (BPOs) per month.
“FNC can help agents identify all distressed sales near a subject property, assess the value of the subject property itself and its neighborhood, and evaluate market trends at the zip-code level and deeper,” says Charles Hurst, FNC’s executive vice president of sales.
Financial institutions look to REALTORS® to help position properties to be sold quickly and efficiently with BPOs. This situation demanded an empowering solution for REALTORS® which, according to the companies, the new partnership has provided. FNC’s InspectionPort and CollateralDNA(TM) tools and zipLogix’s large agent and broker user base act as tools to enable agents and brokers to receive BPO orders from lenders and return valuations with speed, confidence, and security.
“Now, more than ever, lenders and servicers are requesting BPOs to help understand the value of their REO properties,” says Walt McDonald, Chairman of the Board for zipLogix. “FNC technology gives REALTORS® the opportunity to not only increase their income by providing BPO services, but also to build relationships with financial institutions that can lead to listings of REO properties.”