OfferSubmission is the premier platform in the Woodward Technologies award-winning suite of default servicing systems.

Originally developed as a fraud-prevention tool for banks selling large volumes of REO properties, it has evolved to become a best-practice toolset for any large seller of real estate including non-bank mortgage servicers, asset managers, institutional real estate investment firms and builders.

It provides 360° insight into the marketability of a real estate asset by giving buyer’s agents a voice for the very first time. The platform delivers their offer directly to the seller where it is decisioned according to each customer’s own business rules.

The transparency and real-time environment provide an iron-clad audit trail that reduces risk and quickly identifies agents with hidden agendas and property issues that could be detrimental to the value or well-being of the asset. Just as important, it clarifies a property’s true market value with the most accurate valuation tool of all: bona fide offers from real buyers in the market right now.

OfferSubmission is built with flexibility so it can be used as a standalone system by small users or function as a dedicated sales negotiation portal in tandem with virtually any enterprise servicing or asset management software.

• Prevents Fraud  For the first time, buyer’s agents are given an active role in the REO negotiation process, ensuring that every offer is presented for review. No longer can offers be lost, prioritized or discarded which means more offers for every asset.

• Maximizes Sale Prices  More offers means more competition, which ultimately drives sale prices higher. OfferSubmission ensures every asset sells for True Market Value.

• Improves Transparency  Every stakeholder in the REO sale including investor, servicer, asset manager, listing agent and buyer’s agent is engaged and accountable, with automated notifications and reminders to make sure that the expectations are met and issues are quickly resolved.

• Ensures Compliance  Regulatory requirements and service-level agreements are easily adhered to via a robust rules engine designed to ensure compliance with automated reminders, easily updated disclosures and iron-clad audit histories. Completely customizable to follow your business processes.

• Reduces Risk  Every action and decision is captured in real-time, every prescribed rule is followed and every required document is stored according to seller expectations. Defend every decision and eliminate finger-pointing.

• Increases Originations  Automatically capture every possible lending opportunity via real-time sharing of buyer information with portfolio retention or originations departments. Generate profitable new loans and establish new banking relationships with every prospective purchaser, even cash buyers.

• Boosts Efficiency  For the seller, make more informed decisions and handle more offers than ever before. Receive and review documents as they’re uploaded. For the listing broker OfferSubmission eliminates redundant tasks and reduces status checks from buyer’s agents while reducing risk

• Secure Environment  OfferSubmission undergoes regular penetration testing, application vulnerability testing and is securely hosted on SSAE16 servers

• Robust Reporting  Customizable reports provide the data that you need to track efficiencies and results by portfolio, region, department, employee and outsourced third-party vendor.

• Stellar Support  Online support staff for your employees and your agents is available 7 days a week, 365 days a year. With vast knowledge of the real estate business and how it operates in all 50 states, our staff is like an extension of your own sales department. Buyer’s agents know their concerns are heard via our direct line of communication. We’re the front-line of defense against frivolous lawsuits and a guard against agent fraud.

OfferSubmission is the one technology you can add to your arsenal that quickly improves the bottom line with tangible and measurable results.