TPI Integrated Solutions, LLC Partners with Conexxus to Offer REO Solutions to Banks
Partnership to help more banks reduce REO properties across nation
LOUISVILLE, Ky. & BIRMINGHAM, Ala.–(BUSINESS WIRE)– Conexxus, LLC, a leading provider of integrated automation, compliance and monitoring software solutions, including its REO Optimizer and CONEXXUS® patent-pending monitoring and process automation software platform, and TPI Integrated Solutions, LLC (TIS), a business consultancy offering services and solutions to financial institutions, announced a strategic agreement to offer TIS’ existing and future customers access to a complete and secure solution that includes digital workflow, document management and completeness monitoring. Banks utilizing REO Optimizer will benefit from the organization of property documentation, automation of manual administrative work, decreased brokers fees, increased sales prices and expedited decision-making regarding distressed properties.
Led by former Superintendent of Alabama State Banks and 30-year veteran of banking and financial services, Norm Davis, president of TIS, understands the specific issues banks face and provides custom solutions to alleviate such issues. The mission of TIS is to assist banks streamline workflow, increase efficiency and expedite movement of REO properties.
According to Davis, “Banks nationwide are experiencing record delinquency and default rates, and as a result are dealing with properties and issues not seen in decades. Buyers know how to reflect risk and protect their interests in pricing. REO Optimizer helps banks accomplish the same in a proactive and cost effective manner which greatly increases the chances of a ‘more favorable’ outcome for the bank based on current market conditions, which almost certainly would not happen in the absence of timely access to information.”
“Conexxus is excited to partner with TPI Integrated Solutions,” said Jeff Reibel, CEO of Conexxus. “Mr. Davis’ qualifications have enabled him to quickly recognize the unique gap REO Optimizer fills for bank management. Banks are struggling to manage through the large volumes of distressed loans and our platform helps them understand what they have from a decision-making standpoint. TIS understands the position banks are facing today with construction and development loans and commercial loans, and we look forward to working with Mr. Davis and his team to help more banks deal with this issue.”
About TPI Integrated Solutions, LLC:
TPI Integrated Solutions, LLC (TIS) markets and supports solutions and services that serve the needs of financial institutions. The consultancy boasts extensive knowledge of bank operations with 30-years of financial institution experience in-house. TIS expertise enables banks to fully acknowledge the value of their assets and to reposition them accordingly with the banks best interests in mind.
About Conexxus, LLC:
Conexxus, LLC develops, markets, and supports software and accompanying solutions offering increased visibility and decreased costs for clients. Conexxus provides unique, integrated solutions, which monitor documents, sign-offs and processes for completion, or lack thereof, across an organization on a real-time basis. Conexxus now offers REO Optimizer to financial institutions with distressed development properties, which is powered by a module of CONEXXUS® patent pending monitoring and process automation software platform, a suite of modular software that also enables companies to go paperless, reduce operational costs, shorten cycle times collaborate and monitor compliance on a real time basis to reduce the risks. For more information on Conexxus, please visit www.conexxus.com and for more information on REO Optimizer please visit www.REOOptimizer.com.
