REO Reimbursement Services from VirtualREO

VirtualREO provides fast, efficient REO Bill Reimbursement Services to REO Brokers in the US. We help REO brokers maintain their books efficiently so that bills can be processed fast and payments can be made as quickly as possible.

All bills submitted by all your vendors (like plumbers, lawn maintenance, electricians, pool care etc.) can be processed in QuickBooks as a Bill. We submit all Bills for reimbursement to the owner of the property. We ensure that the bills are processed quickly and in a specific manner so that you receive a full refund for our efforts. Our team is familiar with the specific methods for requesting reimbursements that various banks follow.

Advantages of REO Bill Processing Services from VirtualREO

We have years of experience and have the tools and technology to back up this process so that you get efficient REO Billing services.

• We provide REO Billing and Reimbursement Processing, saving you up to 50% or more compared to REO bills processed in-house.
• Our REO Billing service is flexible in terms of volume. We can easily scale up operations as the volume increases. You won't need to employ someone in-house and pay them even when there are no bills to process.
• VirtualREO's stringent quality process ensures that there are no errors, speeding up the reimbursement process.
• We follow an aggressive timeline, processing REO submissions in very short turnaround times, which it vital to receiving submissions in a timely manner.

REO Bill Submission Process at VirtualREO

Our processes and systems have been developed by a group of successful REO brokers in the United States. We have extensive knowledge and experience in setting up back office operations for customers globally. We also understand how technology can add value to outsourcing and use the best tools that are industry standards as well as those that we develop in-house. We use Quick Books, QuickBase, and iBridge - a workflow automation tool that was developed in-house.

Step-by-step process for REO Bill Submission

• Scan bills into a secure server
• Our Process center prepares the bills
• You can now print the checks and scan copies of these checks to be processed
• Our process center matches the checks and bills and readies them for bank submission
• Qualified processors will submit directly to your clients on your behalf
• The submitted files (bills with checks) are delivered back to the broker confirming the submission

Bill Reimbursement Processing & Submissions Team at VirtualREO

VirtualREO's team of REO Reimbursement Processors is made of graduates and post-graduates with an average work experience of 6 months in various industries including IT Services.

The REO Bill Processing team is given an overview of the real estate industry in America and trained specifically on the REO Industry. Each processor undergoes extensive training in REO University - these courses are tailor-made to educate and train employees on various aspects of the REO Industry such as REO Reimbursements, Valuation Services etc. Tests are administered at each level of training to ensure only qualified staff are assigned to projects.

Each team handling REO Bill Processing and Reimbursement Services is managed by a Team Leader and an Account Manager. We have established robust tracking mechanisms for quality assurance on every bill that comes into our system at multiple checkpoints. Our team has processed and submitted tens of thousands of bills.

Security at VirtualREO for REO Submissions and Bill Processing

VirtualREO takes data security and confidentiality very seriously. We have a tried and tested measure in place to ensure that your data remains secure.

Security is addressed at 3 levels - People, Process and Systems.

Contact us to outsource REO Reimbursement Services.