If you’re selling or buying loans or REO, involved in dispositions or other services of distressed loans or property, BankProspector is for you.

What is BankProspector?

BankProspector is an online software that lets members access the distressed loan and REO data for more than 8,000 banks*. Members use it to streamline the process finding bank prospects and developing bank leads.

Who uses BankProspector?

• Private Equity Investors
• Individual Investors
• Brokers of multifamily, commercial and residential REO
• Loan Sales Consultants
• Other Professionals who provide distressed property services

Professionals prospecting banks for REO and distressed loan opportunities use our tools to quickly and easily identify target accounts.

Why BankProspector?

Bank reporting data isn’t designed for prospecting banks. It’s big and complex and if you don’t already have your target banks selected it can be hugely time consuming. BankProspector allows you to rapidly determine which banks you should be contacting based on distressed loan and REO balances sorted by asset and loan type as a well as other key financial indicators. Free social media plugins help to generate warm leads.

Our current data shows more than 3,100 banks with commercial REO, 592 with multifamily REO, and more than 4,200 banks with residential REO. While the top 100 banks are largely engaged with special servicers and other middlemen there are literally thousands of regional and community banks that have distressed assets and loans to dispose of and will work direct.*

With an unprecedented amount of distressed loans and REO in the banking system the opportunities to buy or to service these distressed loans and REO has never been greater. If you’re in real estate, lender owned and lender controlled property is the only game in town. BankProspector and distressedpro.com are designed to help you win that game.

What is included?

BankProspector offers distressed real estate professionals the following:

• Comprehensive individual bank records and scorecards for 8,000+ banks in all 50 states
• Tools to search, sort, and view the late, nonaccrual, REO balances, net-charge offs, and other call data for residential, multifamily, construction, and commercial loan asset types
• Current and historical reporting data direct from banks, including:
  • Late and non-performing loan totals by asset type
  • REO balances by asset type
  • US and state level bank counts for each category of distress
  • Unlimited bank lists (Top 5, 10, 20, 25, or 100)
  • Note balances held for sale
  • Capital ratios
  • Minimum levels of Residential, Multifamily, Commercial, and Construction
  • Minimum levels of Late, Non-performing, and REO balances
  • 30 and 90 days late
  • Aggregated state and US data
• Ability to place banks on your very own personal watch-list
• Social media plugins that assist in contacting bank personnel directly
• Advanced search to find lenders by any combination of distressed assets, location, or capital ratios
• Unlimited, online, anytime access

New to working with banks? No problem. Your BankProspector membership comes with full access to a breadth of content that will help you to understand how to work with banks, what their concerns are, how to identify banks that are in a position to sell and those that are not, plus much more.

We back all this up with our 30 Day Risk Free Guarantee, so subscribe with confidence.

Full Access BankProspector Membership Pricing
$197 includes activation fee plus 60 days of access, after that, continued membership is just $38 per month.

Subscribe Now OR Take the Tour

Alternatively, try our Free Level Membership (no credit card required) with Basic Access, which includes US and State Level Data, some premium content, and other free reports.

* Numbers accurate as of 2/1/2010