ExactBid provides web-based procurement and workflow management systems for real estate lenders and the real estate due diligence industry – appraisers, property inspectors, environmental and geotechnical consultants, and others.
ExactBid's RIMS (Real Estate Information Management System) is a procurement and workflow management system that links lenders and service providers. Lenders use RIMS to solicit bids, award jobs, and manage appraisals and other due diligence services. RIMS users save time and money, and gain enhanced security, auditablility, and regulatory compliance. Lenders using RIMS handled 20 percent of all commercial real estate transactions in the US in 2008.
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RIMSCentral functions as a portal for service providers to participate in online bidding opportunities from lenders, law firms, brokers, and other consumers of due diligence services. It is the service provider counterpart to RIMS, providing a private interface to bid opportunities, and a secure workflow and practice management system. More than 12,000 vendors used RIMSCentral in 2008 to receive awards and manage their engagements from RIMS lenders and others.
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