Bank of North Georgia Installs REO Optimizer
The Bank of North Georgia selected Conexxus’ REO Optimizer to capture key documents for their distressed development portfolio properties, according to a release. Headquartered in Alpharetta, Ga., the Bank of North Georgia has $5.8bn in assets and is the largest of Synovus’ 30 banks, a Georgia-based financial services holding company with more than $35bn in assets. Conexxus provides integrated automation, compliance and monitoring software to financial institutions. REO Optimizer combines real estate development and banking expertise and document gathering services to provide critical property data, which was once unavailable to banking professionals in such a format. The software was designed to accelerate decision-making and dispose of distressed development properties in timely order. Write to Jon Prior.