Real estate is a complex industry; participants to a transaction include a large number of specialists from many different fields, including loan originators, underwriters, credit analysis, real estate analysts, brokers, architects, developers, property managers, appraisers, environmental consultants, construction analysts, cost estimators, and others.
These participants have unique needs and goals related to the successful completion of the project, and many participants must interact during the course of the funding, underwriting and approval process.
The result is a very complex process that is both time consuming and costly. A single interaction between your technical services group and a pool of potential vendors can take days of valuable time from the project schedule, risking success or at the very least, customer satisfaction.
RIMS helps to streamline complex processes and introduce order to a situation teeming with chaos.
RIMS customers interact with preferred vendors or vendor groups through a web-based process that eliminates the numerous phone calls, faxes and follow-ups typical of many such interactions. RIMS provides the same level of information to all bidders, at the same time, to ensure fair procurement processes consistent with corporate requirements and good business practices.
Automated notifications to all project participants keeps information flowing in a concerted effort to expedite the due diligence at reduced costs while providing more information when needed – this leads to greater satisfaction and a more predictable process timetable.