Title: Our Mission
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2Our Mission A passionate commitment to
unsurpassed service.
3- Strong National Service
- Unparalleled Regional Service
4Bankers is our new name and our principal
operating officer is Ann Ball with a career
spanning 34 years. Ball Asset Management,
formerly located in Dallas, Texas, merged with
CRYE-LEIKE, Realtors in 2003 to create Bankers
Asset Management.
Ann BallPresident / COO
5Our Unique Value Proposition To deliver expert
and timely real estate sales representation and
transaction coordination to Americas lenders for
acquired properties (REO) located anywhere in the
United States and its possessions (Guam, Puerto
Rico, and the U.S. Virgin Islands).
Ann BallPresident / COO
6The B.A.M. Team
7WHY BANKERS ASSET MANAGEMENT?
- Nationwide valuation services BPOS and
Appraisals - Unparalleled database offering over 10,000
choices of the best REO Brokers in the Nation,
providing coverage in virtually every city, town
or borough - Strict and aggressive time-line management
reducing holding costs
8WHY BANKERS ASSET MANAGEMENT?
- Expense advance with client specific reporting
and reimbursement schedules - Nationwide legal and field service network
- Next generation technology for flexible, real
time tasking, management oversight and reporting
9WHY BANKERS ASSET MANAGEMENT?
- Redundant sites and systems to allow for timely
and comprehensive Disaster Recovery - Aggressive, well-trained staff devoted to client
satisfaction - Industry Leadership in providing outstanding
measurable results
10WHY OUTSOURCE?
- Allows the Client the ability to focus on
transactions, which might avert foreclosure - Absorption of much, if not all, of the cost of
national asset management within the traditional
real estate brokerage sales commission - Can measurably reduce days in inventory through
strict timeline management
11WHY OUTSOURCE?
- Insure high recovery rates vs. valuation
benchmarks - Insulate the Client from third party claims and
provide for temporary or permanent staffing
reductions - Utilize the skills and experience of highly
trained real estate brokers
12WHY OUTSOURCE?
THE FAILURE OF CURRENTOUTSOURCING MODELS REO
outsource companies that are owned by, or
affiliated with, title and/or and property
preservation companies (field service) are often
more interested in channeling business to their
core and more profitable business subsidiaries.
We have no channel conflicts.
13ASSET MANAGEMENT SERVICES
- Property Assignment
- Occupancy Status
- Cash for Keys
- Evictions
- Occupied Properties
- Vacant Properties
- Appraisals
- Emergency Repairs
- Rental Properties
- Marketing Report
- List Price Approval
- Listings
- Listing Reductions Extensions
- Monthly Property Reports
- Title Commitment
- Contract Negotiations
- Contracts
- Closing the Sale
- Funding
- Accounts Payable
- Billing
- Cancellation Fees
- Auctions
14MONTHLY STATUS REPORTSTO CLIENTS
BANKERS ASSET MANAGEMENT will supply you, our
Client, a Monthly Status Report on all properties
(no later than the 5th of the following month).
Monthly Status Reports will include, but will not
be limited to
- Total Inventory
- Occupancy Reports
- Evictions
- Redemption Report
- Unlisted Properties
- Listed Properties gt30-60 days
- Listed Properties gt90-120 days
- Sales Pending Report
- Closed and Funded
15APPRAISAL AND DRIVE-BY BROKER OPINION FEES
Appraisals To order Appraisal (BAMS
Fee) 50.00 To order Appraisal (on same
property) 50.00 Appraisal Updates (BAMS
Fee) 50.00 Drive-by Broker Opinion of Values BAM
Exterior1-page BAM Drive-by form (1 pix
incl.) 95.00 BAM Interior2-page Fannie Mae
form (6 pix incl.) 125.00 Fees subject to
negotiation on a per client basis.
16COMMISSION SCALE
- Our minimum commission will be 1,500
- 6.0 commission on properties 249,999 or less
- 5.5 commission on properties 250,000 to
499,999 - 5.0 commission on properties 500,000 to
749,999 - 4.5 commission on properties 750,000 to
999,999 - 3.5 commission on properties 1,000,000 to
1,250,000 - On all properties selling for over 1,250,000
the commission paid will be negotiated on a flat
dollar figure, which will need your
authorization. - An Asset Management fee will be charged ONLY on
properties with a sale price of 225,000 or less.
No Asset Management fee will be charged on
properties with a sale price of 225,001 and
above. - Commissions are negotiable on a per client basis.
17MAINTENANCE REPAIR
BANKERS ASSET MANAGEMENT will negotiate with
vendors for all services on the clients behalf.
Should the cost on any of the following items
exceed pre-approved guidelines, BAM will obtain
approval prior to authorizing expenses. You set
the terms!
- Cash for keys _____ max
- Re-key _____ max
- Trash-out _____ max
- Initial clean _____ max
- Initial yard start up _____ max
- Weekly yard maintenance _____ max
- Property preservation _____ max
- Basic winterization _____ max
- Emergency maintenance _____ max
- Foundation report _____ max
- Pool
- Pool maintenance
- Roof inspection report _____ max
- Termite inspection report _____ max
- Termite treatment _____ max
- Rehab bids 1 bid needed up to ________ 2 bids
needed up to ________ 3 bids needed if
over ________
18ASSET INFORMATION MANAGEMENTTECHNICAL
- Our web based system is designed for all facets
of asset management - Easily manage REO properties from acquisition
through closing. - Paperless, real-time access to the status of all
your assets - Review and update the system regarding your
property status 24/7 - Accept, counter, or reject offers approve or
decline bids review appraisals, BPOs, and
expenses see photos, view a real-time message
log, and more - Listing brokers are immediately alerted to new
assignments and have instant access to property
file information for their assigned properties - Every aspect at your fingertips
19SYSTEM FEATURES
Our web based system is comprised of modules
covering REO management from start to finish.
Workflow is managed through system defined work
lists that prompt users with To Do items and
provide key metrics for file management. Key
modules in the system include
- Property
- Valuations
- Inspections and bids
- Maintenance
- Listings
- Offers
- Reports
- Closings
- Accounting
- Messages
- Contacts
- Attachments (docs and pix)
- Templates
20YOU CAN BANK ON US!
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