2020 HW Tech100 Mortgage winner:

Lets sellers monitor online REO auctions in real time

Bid Interact, the latest feature of Portfolio Interact, lets sellers monitor online REO auctions in real time, make reserve changes instantly and accept a live bid — all while displaying the bidding history and relevant value data in one convenient place for informed decisioning. A lack of decision-making data and portfolio reporting for REO assets creates a complicated process for sellers. Sellers using Bid Interact have said that the tool speeds sales, gives easy access to meaningful data and creates a more direct interaction between the buyer and seller.

  • From November 2018 through October 2019, Auction Interact experienced a 796% increase in client usage.
  • More than 5,500 pricing actions have been taken since the program’s inception to create a competitive bidding environment for assets.
  • Sellers are finding that this tool increases performance, efficiency and sales by offering easy-to-access information for portfolio performance and actionable data for pricing optimization.

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3d rendering of a row of luxury townhouses along a street

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