XactPRM: A Complete Solution for Maintaining and Repairing Foreclosed Properties
Asset Owner / Mortgage Servicer
- Approve bid automatically or send it for review
- Return approved bids to legacy system
- Track status of managed properties
- Analyze and report trends in data
- Enhance business processes
Field Service Provider
- Manage all aspects of property repair and maintenance
- Assign jobs to contractors with industry-specific and company-specific forms and checklists
- Estimate bids using industry-standard data
- Track costs by job and aggregate by individual property
- Share reports by PDF or XML
- Invoice service providers for completed work (subcontractors)
Contractor
- Streamline property scoping by gathering site information electronically
- Reduce duplicate data entry and potential for error by submitting completed work directly from your smartphone or tablet
- Invoice for completed work
XactPRM ends the chaos associated with tracking maintenance and repair tasks for foreclosed properties. It provides the power to know each property’s status at any time.
Regardless of the number of field service providers or contractors in the network, XactPRM provides a single view of all properties in various points of the process: assignment, review, approval, and rejection. The program can be set to automatically approve or reject bids based on customized authority settings. No more need for emails, faxes, and phone calls that take time and lead to critical information falling through the cracks.
With XactPRM, it’s simple to analyze and report on data associated with property preservation management, including:
- Average bid amount
- Cycle time
- Deviation from allowable limits
- And much more.
Current, localized price information from Xactware’s extensive database makes it possible to easily compare bids from the field against area average prices on a myriad of projects, from replacing a roof in Seattle to installing a new kitchen in Baton Rouge.
XactPRM will transform the way field service providers complete bids and manage the workflow associated with property repair and maintenance. Improved efficiency and quality control, along with the means to better communicate with clients and analyze data and workflow, will help to further enhance business processes.
XactPRM’s comprehensive bid estimation and workflow management solution makes it easy to complete detailed property repair and maintenance bids using current, localized pricing data. Bids can be enhanced with photos, drawings, voice notes, and more.
Inspection requests or work orders can be assigned through XactPRM to staff and vendors, complete with industry-standard or proprietary forms, using an iPhone or iPad. All information collected in the field can be returned seamlessly without the need for duplicate data entry.
The XactPRM solution makes it easy to quickly complete and submit bids for bank review and approval. The comprehensive solution includes the means to track the status of managed properties and produce reports for clients or for internal process improvements.
XactPRM will help professionals involved in maintaining and repairing foreclosed properties complete more bids in less time, regardless of specialty. This increased efficiency provides a competitive advantage that may lead to increased business.
XactPRM significantly streamlines the bid development process. Work orders and bids received in XactPRM can be completed with the necessary field questionnaires and returned to service providers by XML or PDF report. XactPRM can even help with invoicing.
Professionals in the field will benefit from the mobile component. All information needed to complete a bid – including photos, voice notes, drawings, and more – can be captured while on site using an iPhone or iPad.
If proposed work falls outside the designated authority level, XactPRM makes it easy to clearly document the scope of the required work. Reliable, localized pricing helps facilitate review and approval.