Prescient’s REO Third Party Payment Management System
Prescient has managed HUD M&M III Third Party Payment Services (to include HOA, Condo Ass., Taxes, and Code Violations) for approximately three years. In that time, Prescient has managed more than 30,000 assets on a nationwide scale.
Prescient’s capabilities are uniquely suited to the recently published Mortgagee Letter 2012-11. HUD’s recent clarifications regarding unpaid HOA/Condo Association fees, unpaid taxes and local utility bills, and the contingent penalties and fees associated with late payments, which includes HUDs plan to reconvey all assets with such unpaid fees, will certainly cause concern for servicers nationwide. Prescient’s experienced team can seamlessly handle all issues outlined in the Mortgagee Letter 2012-11, allowing your REO Team to focus on their core issues.
Asset Management and Marketing Services
Prescient has performed asset management services for various public and private sector clients for over 20 years.
Real Estate Owned (REO) Management and Disposition
Prescient markets and manages real estate owned portfolios held by government agencies, financial institutions, servicers, and other clients.
Prescient has performed nationwide leasing services for various agencies for over 20 years.
Bank Consulting Services
Prescient (and its partner firm Crimson Capital Group), have worked with a number of institutions looking to source equity.
In support of Prescient’s Asset Management Services, REO Management and Sales, Portfolio Sales, and Bank Consulting Services, Prescient has performed Due Diligence on thousands of assets of every class.
Prescient, Inc. Real Estate Asset Management System
Brokers & Vendors
Prescient has revised the Request for Information and the Local Listing Broker Services Agreement, which are available
by visiting the brokers page. Responding provides no assurance of listings, and we are not able to predict when or if properties will be assigned. Responses already received do not have to be re-submitted, but you may substitute any former response with a complete package clearly marked "Replacement." Please watch our website for announcements. We regret not being able to reply to individual status update requests.
Thank you for your interest in working with us!