CAMREO, LLC is a leading provider of default-lender services with coast-to-coast coverage. We represent many corporate clients across the country, servicing and managing REO inventory, providing broker price opinions (BPOs), automated valuation models (AVMs), and other intelligent products throughout various stages of transfer, portfolio acquisition, or liquidation.
Our company executives are six sigma practitioners. Our staff is trained to utilize six-sigma processes on the field and desk to assess values, review the inventory for sale, and find the right solution for REO liquidation. With our field knowledge and municipal and state law, these unique company processes help reduce our client’s losses while maximizing return and recovery.
As an Appraisal Management Company (AMC Companies), Camreo carefully selects real estate appraisers to perform lenders’ valuations services. With our methodology processes, technology tools, and our elite local partners, we are proven to be the proper connection between your business goals and REO Disposition. Our clients come to us for a variety of reasons. Some REO departments that are overworked and understaffed‚ need to outsource some or all of their actual estate-owned portfolio to a firm they can rely on. There are many AMC companies to choose from, and we appreciate the opportunity to earn your business. Camreo makes it simple to become your choice of all AMC companies.
Appraisal Management Company
Many lenders like yourself select CAMREO to redirect their resources and focus their energies on their primary business. Other clients come to us to reduce the costs associated with permanent, internal staff. And many of our clients are searching for the specialized experience and expertise we provide. No matter the reason for selecting our company, all of our clients benefit from our ability to save them time and money while keeping them fully informed about the status of their properties.
Broker’s Price Opinions are the essential alternative valuation tool for financial institutions or private investors currently pursuing mortgage origination, property short sale, refinancing, loss mitigation, transfer, and collection efforts. CAMREO is one of the few AMC companies with a network of over 30,000 trained and screened local licensed real estate professionals who know the local markets and perform our BPO services. As part of our vendor network, the agents also perform onsite inspections and provide marketing recommendations on every broker’s price opinion. All of our valuation products meet the highest level of quality control using our multi-level control review process. Every valuation report we produce adheres to state and IAG regulations.
What is an AVM? AVM, or Automated Valuation Model, is the collection of data using multiple public and private databases that combine with an algorithm to create a real estate property valuation based on standard value rules used by appraisers. Property proximity to comparables, days on the market, time of sale, and property size, are considered when producing an AVM. This product has a quick turnaround, and the cost varies depending on the type of AVM. For REO, we have the standard AVM, which is widely popular. Learn about our AVM Products.
What is a Commercial BPO? A Commercial Broker Price Opinion requires a different valuation approach than a traditional residential BPO. This comprehensive report takes an income approach, sales and active listings, usage, and sales only where there is a shortage of listings. Our commercial BPO is done on various properties, including multi-tenants or combos, hotels, gas stations, offices, retail, apartments, industrial, land, restaurants, and warehouses. Learn more about our Commercial BPOs
REO Management Services
We specialize in liquidating single and multi-family residences, commercial properties, and bulk REO sales. We maximize return on corporate assets by combining a great deal of practical experience and cutting-edge technology. With this, we can move REO faster and channel it through our massive online resources, investor network, and systematic technologies. We have strong and strategic relationships with nationwide investors, auctioneers, and other REO service providers. Because of our proven experience and marketing skills, we can offer our corporate real estate clients a complete, fast, and efficient solution to REO disposition. Read more>>>
Short Sale Solutions
With today’s financial regulation turmoil, Camreo has become the partner of choice for many financial institutions nationwide. When foreclosure is not an option, Camreo helps mitigate delinquency and further property deterioration by bridging a successful sale between the homeowner and a financially ready homebuyer. We study all possible avenues to stop further losses on the property and recommend the best and most efficient way to sell the home to our clients. We have a team of specialists that offer support and education to homeowners needing foreclosure prevention. Read more>>>
Property Condition Inspections
We provide our clients with field or property inspection services while the properties are in redemption. Our services include vacancy status, courier services, broker price opinions, municipal compliance, and REO property preservation if contact is made with the occupant/tenant. Where possible, we will aim to obtain the names and other contact information to determine who is occupying the property. Our local agent will negotiate cash for keys for 30-day possession upon successful contact. A Drive-by BPO is prepared and sent to the client along with damaged property deportation. Suppose the property is found vacant and in need of securing. We will select a vendor to secure the home within the pre-approval expenditure limit or provide written bids if the quote exceeds the maximum expense parameter allowed. Read more>>>
Our Corporate Culture
At CAMREO, our corporate culture is among our greatest strengths. Since the start of our company, our employees have contributed to great ideas that have helped structure this organization into what it is today; a great company to work for where great ideas match our core values, thus producing excellent service at each tier level.
“Do you want to know who you are? Don’t ask. Act! Action will delineate and define you.” -Thomas Jefferson