About REO Network®
REO Network is an online directory of screened and highly-qualified real estate professionals who specialize in the re-marketing of REO (real estate-owned) properties. REO homes are properties that have been acquired by a bank or lender as the result of a foreclosure.
REO professionals from every corner of the mortgage and lending industries use REONetwork.com to locate each other — it's fast, easy and free! Many asset managers use REO Network to find local real estate professionals to aid in their loss mitigation and REO property re-marketing needs. We look for applicants experienced in the REO industry and this provides asset managers the opportunity to work with the best REO brokers and agents in the country.
History of REO Network
Prior to starting REO Network, founder Duane Andrews was a successful REO broker in northern California. While building his REO business, he noticed a growing frustration from clients looking for experienced REO brokers to re-market their properties, especially in remote locations.
So in 2000, Andrews partnered with Kevin Marshall, a pioneer in the business-to-business web sphere, to create REONetwork.com. During the first three months of operation, the REONetwork.com site attracted more than 1,000 REO brokers. Today, REONetwork.com includes more than 15,000 screened and highly-qualified REO brokers, agents, and vendors (appraisers, contractors, service providers, and outsourcers).
The enormous success of REONetwork.com quickly led Andrews and Marshall to team up again in 2001 to build Clear Capital® — one of the most highly regarded loan valuation outsourcing companies in the nation. REO Network now operates as a division of Clear Capital.
Since being founded, the people at REO Network have helped thousands of brokers, agents and vendors successfully present themselves to the REO industry in a professional manner. In doing so, REO Network continues to be the most widely used searchable database of REO brokers, agents and vendors in the industry.