LAKE FOREST, Calif.--(EON: Enhanced Online News)--RES.NET, a provider of software applications connecting real estate professionals and consumers, has partnered with Torrance, Calif.-based Precision Asset Management (PAM) to launch The Boomerang Project, which gives investors access to real estate opportunities nationwide and enables agents to sell the properties that investors purchase through PAM by managing the transactions on RES.NET’s platform.
“RES.NET has always given real estate agents a unique opportunity to promote their businesses by gaining exposure though our REO Portal”
The program is referred to as the Boomerang Project because it allows agents to represent a property twice – once when the investor purchases the property, and again during the resale. Agents can submit properties of any kind, including REOs, short sales, multi-property sales, vacant land/subdivisions and equity sales, to the Precision Boomerang Portal for investors in PAM’s network to review and determine whether to purchase.
“Our partnership with RES.NET represents a truly dynamic combination of real estate management,” said Michael Hermosillo, director of operations for Precision Asset Management. ”Real estate investors and professionals alike can feel confident working with two established, reputable organizations – we are each providing our respective clients opportunities to grow their businesses through viable real estate purchases on a daily basis.”
PAM’s seasoned asset management team will coordinate investor purchases, after which real estate agents manage all activities, communication and documents for the resale through RES.NET.
“RES.NET has always given real estate agents a unique opportunity to promote their businesses by gaining exposure though our REO Portal,” said Todd Mobraten, COO and president of RES.NET. “By joining forces with Precision Asset Management, we are enabling agents to take advantage of today’s high level of investor activity. In addition to providing technology to drive efficiencies and transparency throughout a transaction, this is one example of how RES.NET constantly seeks to identify ways to help clients expand their businesses.”
RES.NET, initially established in 2003 as a subsidiary of USRES, provides an array of portals designed for different aspects of the real estate industry and integrates servicers, brokers, outsourcers, third-party service providers, homeowners and buyers. Through specialized portals, RES.NET users can each access the same system to optimize communication and streamline processes. The portals deliver a customized, automated workflow and centralize data and documentation to create a continuous audit trail. For more information about RES.NET, visit its website at www.res.net.
About Precision Asset Management
Precision Asset Management (PAM), established in 1998, provides National Asset Management Services to banks, servicers, hedge funds and private investment groups who have a need to manage and liquidate their real estate investments on a Nationwide level. With over 36,000 closed sales and transactions amounting to over $2.5 billion, PAM has positioned itself in the forefront as a leader in the asset management industry. The Precision Boomerang Project (www.precisionboomerang.com) was created in order to address investor’s needs while leveraging the professional real estate partners PAM has developed over its fifteen year plus tenure in the REO/Asset Management field. For more information about Precision, visit our website at www.precisionamc.com or contact Michael A. Hermosillo, Director of Operations, at firstname.lastname@example.org.