Default Resource, a diversified financial services company offering collateral valuation and inspections, REO management and disposition, comprehensive training, hazard recovery and related services, announced today that it would standardize its Executive Asset Management (EAM) division on a technology platform offered by Equator Financial Solutions, Los Angeles.

“We have known the founders of Equator since its inception,” said Frank Marshall, president of Default Resource. “We respect the company’s leadership and we think they have a good product, so we’re happy to be working with them. We know that a former GSE has been working on migrating to Equator’s software, so it made sense for us to move in that direction as well.”

Equator says its platform is the most versatile and comprehensive system available to manage and sell REO properties. Since EAM is growing and expects to see a jump in business as soon as servicers perfect their loan files and work out any chain-of-title issues, it made sense for the company to make the move to the new platform now.

When it comes to REO listing agents, it’s not always easy to know what you get in advance. Unfortunately for many banks, some of the agents that are getting their listings aren’t doing all they can to get them sold. Frank Marshall discusses the topic in a recent column on HousingWire.com entitled REO Listing Agents – The Helping Hand That Isn’t Always There.