Do More Bank Direct REO & Non Performing Note Deals

If you want to do REO and non performing loan deals today you have two choices

You can go direct to the banks who are selling REO and non performing loans.

You can hope to do deals at the mercy of those who are direct to the banks.

Our customers include some of the biggest independent buyers and sellers of non performing loans and REO in the world as well as many professionals who are just getting started.

Note buyers and brokers, auctioneers, bulk REO buyers, private equity investors, and better REO brokers use BankProspector to find REO and non performing loan opportunities nationwide.
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BankProspector is the fastest easiest way to find banks and contacts with REO and late or non-performing loans, guaranteed.

If you’re a professional you know that doing real deals requires that you have relationships, you also know that making relationships takes time. With BankProspector you’ll turbo charge your ability to sort through find and connect with your most high value, high probability prospects and eliminate the rest.

So how does it work?

Every night we download the most up-to-date verifiable bank report data including all of the distressed debt and reo information, key bank health ratios, ‘sell’ indicators and more. We make the data simple to use and search and we pair it with best in class business contact databases. You’re literally just a few clicks away from finding, qualifying, and connecting with your best bank prospects. Eliminate time wasting research and dead-ends prospects.

Peek Behind the Curtain and See What Banks Really Have
Have you ever called a bank about REO or non performing loans and they said “we don’t have any”?
See instantly what banks have:

• non performing loans and REO
• see how their distressed portfolios have been performing over time
• see if they have sufficient capital to sell at a market price
• see if they’ve been taking charge-offs, preparing their balance sheet for the haircut
• You’ll even see if they sold non performing loans last quarter… and more

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BankProspector is FULL of data. You may be overwhelmed at first. That’s why we have video tutorials, recorded podcast interviews with experts, and regularly published articles to help you understand what the data means and how to use it.

If you just don’t get it after going through all the materials and listening to the podcasts simply cancel your membership from the ‘My Account’ area and reply to the receipt email you received and tell us, within 30 days, for a full refund.

Find REO and Note Opportunities at Local and Regional Banks

Everyone is chasing the big banks. Work smarter. Bank of America, Chase, Wells Fargo yep they’re teeming with REO and non performing loans but if you think you’re going to walk in and buy a note or a little pool of REO think again, you better come with an 8 or 9 figure deal AT LEAST. If that’s what you’re working with, then great we have their data too but if not you’re out of luck.

Want to be an REO agent for one of the big boys? GET IN LINE … with their special servicers.

Community and Regional Banks are Different
They don’t outsource their special assets, workout, or REO departments. They have real people who make decisions that you can reach by phone or email. BankProspector has 3 ways to find thousands of banks with billions in distressed assets that you’re looking for.

If you’re sick and tired of broker chains or combing through someone else’s leftovers and you have the ability to perform then BankProspector is for you.
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100% Verifiable Bank Data Included with Your Membership in Detail

Our data comes directly from the FFIEC

US and State Overviews
For the whole US and for each state (NO geographic restrictions!) you will see and drill down into the total number number of banks reporting and the total dollar amount being reported for up to 4 quarters of data for these distressed asset types:

Charts and graphs for the US and each state for each of the asset types listed above.

Individual Bank Reports
For 93.7%* of banks you’ll see all of the same totals above, for each bank, for all of the distressed property and distressed asset types listed above, PLUS, you’ll see

• Capital Adequacy Ratios – these indicators tell you whether or not a bank is healthy enough to sell
• Nonaccrual Assets Sold the Previous Quarter) – Note buyers and brokers this is KEY if you’re looking for likely sellers of non performing notes!
• Loan Loss Reserves (provisions) this tells you what your maximum deal size is and helps dictate whether or not a bank can sell.
• Net Gain / Loss on REO – REO brokers see how the bank’s dispositions are going
• Loans and Leases Held for Sale – (30-89 days late, 90+ days late, non-accrual)
• Loss Share Totals for each of the asset types above, late and non performing loans and REO – loss sharing agreements are agreements with the FDIC that protect a bank against losses when they sell distressed assets that they acquired as part of a failed bank
• Charge-Offs and Recoveries for all of the loan types listed above – Charge-Offs are a key indicator, banks charge down the value of assets so they can sell them without taking a major balance sheet hit, no charge-offs, no sales
• Charts for 4 quarters of history for every loan type in each stage of default and REO – Is this bank selling?
• Residential loan totals in the process of foreclosure

Data does not currently include banks previously regulated by the OTS
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Find Bank Contacts including REO Asset managers, Special Assets Groups, Workout Officers, Senior Bank Executives and More

Forget guides and directories, that data is old before you even see it. The new way to get the most up-to-date business contact information is through ‘crowd sourcing’ and the social web.

Never heard of ‘crowd sourcing’? Doesn’t matter.

All you need to know is that there are tens-of-thousands of people contributing and curating data on a daily basis. We tap into the number 1 resource on the web for crowd sourced contacts for you so getting the most relevant current contact data, including personal emails and direct lines (70%) is as simple as 2 mouse clicks.

Both contact services are free to join and are built right in to the system.

Linkedin Plugin
Find and connect with contacts from the world’s largest professional network. Our preconfigured searches help you easily find special asset, workout, risk and other professionals by title. Connect with or send a message to contacts via Linkedin right from the bank record.

Jigsaw Plugin
See the name location and title, all for free, or get deeper information with Jigsaw credits, every contact is complete with email, phone (70% direct dial), and title. There are more than 30 million contacts available that are constantly refreshed by more than 2 million members.

Downloadable vCards for Bank Contacts
Take your contacts from BankProspector with a click and add them to any address book or CRM system.
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Learn Everything You Need to Know About Going Bank Direct

Get Answers Fast With Our Growing Knowledge Base
Just click on the red ‘Questions’ tab on the right side of the application to to search for answers to any question about the software or the data. Don’t see what you’re looking for? Ask a question and you’ll get an expert answer in no more than 48 hours (business days).
Access a Growing Collection of Professional Podcasts and Helpful Articles and Insight
We’re assembling a deep knowledge base of information that sits right at your finger tips.

And the library grows every month…
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Why This Offer is 100% Risk Free

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See What Members Are Saying

We asked subscribers what they liked best about BankProspector, here’s some of what they said:

“Simple to navigate.”

“Lets me know in an instant if the bank has any troubled assets.”

“Can get a fairly quick sense of the scale of real estate issues with specific banks.”

“Ability to find contacts in banks”

“Finding banks that fit our requirements”

“(see which) Banks likely to sell or not sell. What is most on their books, and if there selling right now.”

“Contacts via linkedIn and Jigsaw and what is exactly available from the banks so that you can narrow the searches.”

“The best tool I’ve seen for targeting regional and smaller banks with bad paper-I just purchased Lane 2 weeks ago and i bought yours any way”

If I can use it anybody can use it. Tech is not my strong suit. I called [obscured] Bank and they told me they'd have something in 3-4 weeks. I also called [obscured] Cooperative based on what I found in BankProspector and I made a great connection. I've been using it for 3 days.

Cam Holland
Garret Realty Group

Eric Kassel of U.S. AssetAid LLC says of BankProspector2.0 "great, absolutely great!" Eric is an expert in sourcing bulk residential REO opportunities for high net worth individuals and private equity.

Eric Kassel
USAssetAid.com

John McCaffrey SVP and Managing Director of REDC, one of the world's leaders in maximized asset disposition strategies and asset management, uses BankProspector "I use it to determine which banks are heavy in the product that we sell and I track the N/A assets sold."

John McCaffrey
Auction.com

Distressed Pro has been an intuitive and invaluable analysis tool that allows us to quickly access and produce detailed reports on all of the FDIC bank related data and contacts at those institutions. The technology of DistressedPro allows our acquisition team to group by specific property types in a specific region of the country and drill down to a very detailed level of information to identify potential acquisition opportunities in our sweet spot, New England. We have been using DistressedPro for over a year now and find that the time savings more than pays for the already low subscription fees.

John J. Meedzan Jr
ArchStreet Financial Partners

I represent select private equity investment groups in the acquisition of performing and non-performing commercial real estate loans. Over the past year, I've successfully transacted over $100 million in loan acquisitions from commercial banks. I've been a BankProspector subscriber since March of 2010 and version 1.0 and have found that it's a very helpful prospecting tool.


Brandon Lamb
CrossCap Investments, LLC

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Frequently Asked Questions

Can I see the details for individual assets (loans or REO)?
No. You can see portfolio totals broken down into the categories we indicated above in the ‘Individual Bank Reports’ section.

How do I find deals if I can’t see the individual locations of the loans and REO?
Doing deals directly with banks is about finding the relationships at the bank. Identify the banks that have the types of assets you’re looking for, that are located in the regions you’re interested in, and that have strong indicators that show they are prepared to sell.

Can I get you to walk me through the software?
We’re not offering individual tours on a one-to-one basis. The product is $47 a month. A single deal will pay for you month 100 to 1000 times over. The offer is risk free. Try it out and follow the instructions above if it doesn’t work out for you.

Do you offer phone support?
We do not. Our ticket system is the most efficient and timely way to get your questions answered. You can access it from any page.

Do I have to have a Linkedin or Jigsaw account to use BankProspector?
No, however your contact options will be very limited. Besides, the networks are free and they’re both extremely reputable companies. When you signup for BankProspector just click the links on the left to get going. If you want the phone numbers and emails for contacts you’re going to need Jigsaw credits.

Do you have any training?
Yes. In addition to the resources named above we have a user guide with videos screenshots and explanations. We also partner with training providers to bring you experts content from a variety of distressed asset related fields.

Where do you get the bank data?
We’ve built a sophisticated system that pulls in massive downloads on a nightly basis directly from the FFIEC database. The FFIEC is a federal organization that serves the various reporting boards as an aggregator of call report data. We download, parse, and make searchable the bank data that’s most pertinent to our customers.
Do you offer consulting?
Yes. We will consult on special projects around the data and related items with a minimum engagement level of $10,000.
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