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Our Services

REO asset management outsourcing has evolved over the years and has become a proven vehicle for banks and mortgage companies to help stabilize internal staffing and operating expenses and increase file velocity while providing valuable pressure release on rapidly growing portfolios. From acquisition of new assignments through the entire REO process to the closing of successful sales transactions you can rely on Olympus Asset Management and the customized services we provide to make your job, and those of your staff, easier.

Complete time-sensitive asset management services include the following:
  • Assignment through an experienced REO agent network with extensive knowledge of the market and geographic proximity to the property

  • Consistent, quality representation of all properties regardless of value or type

  • Occupancy status within 24 to 48 hours

  • Timely, accurate inspections and price opinions

  • Eviction management

  • Expert asset valuation reconciliation

  • BPO/Market Plan submission within 5 to 7 days

  • When necessary, automatic revised Marketing Plan submission at 30, 60 and 90 day intervals following initial listing

  • Access to competent, trustworthy and reliable contractors and vendors for required repairs and/or refurbishment

  • Open title and manage any curative title issues

  • Complete offer management and coordination

  • Negotiation of contracts with appropriate variances as established by each client

  • Closing coordination and management

  • Thorough accounting and reporting functions to meet your needs

  • Web-based, customizable REO Management system reports

REO asset management is our only focus. You can rely on our expert management of your assets from initial assignment all the way through the ultimate closing and disposition... each time, every time. At Olympus Asset Management we prove that a job well done is better than a job well said. The proof is in our performance.

Featured Properties

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1952 River View Dr.

When we acquired this property it was in the process of a renovation and the yard was severely overgrown from deferred maintenance. As the before photos illustrate there are many unfinished detail items both interior and exterior that need to be addressed. Items such as light fixtures, outlet covers, landscaping and replacing backfill from erosion.

The after photos provide an excellent example of what we pride ourselves on in terms of a finished product:
  • The house has new 40oz carpet throughout as well as refinished wood floors.
  • The drywall has been repaired and touchup paint applied where needed.
  • The existing intercom system was not functional so the whole unit was replaced making for easy communication throughout the entire house.
  • The kitchen was finished off with a high end stainless steel wall oven, microwave and dishwasher.
  • No detail was over looked, from the new marble trim around the fireplace to the painting of the front door and hand railing.
The rehab took two and a half weeks and cost $14,200 within this time we were able to complete both interior and exterior repairs resulting in a home appealing to a larger demographic of home buyers and increasing the probability of a sell that not only satisfies the buyer but provides our client equity and piece of mind in a job well done.

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34 Wrights Point

When we received this property the vines had overgrown and consumed the exterior, the interior was rundown from years of neglect and the mechanicals were no longer functioning.
  • The rehab began with the exterior; the vines were removed exposing the unique brick exterior.
  • The interior detail that was necessary to bring this house back to life was extensive.
  • The water damaged wood flooring was repaired, the cabinets in both the bar area and kitchen needed to be hand sanded and refinished.
  • The entire interior was patched, primed and painted and the dated light fixtures were replaced.
  • The kitchen is the one of the most dynamic rooms in the house featuring stainless steel appliances; microwave, dishwasher, compactor, and double wall oven.
  • The kitchen also boasts a stainless steel under the counter icemaker and custom drop in gas range with downdraft exhaust vent.
  • The house was cleaned and the woodwork treated making for a stunning foyer/library that can be viewed from both the first and second floor.
The most difficult challenge of this rehab was locating an elevator technician that could repair the elevator that travels 4 stories, top floor to basement. The total rehab took four weeks and cost roughly $40,000, but without these repairs, the grand home would never have met its full equity potential.

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40 Manson Libby Road - Scarborough, ME 04074
phone: 207.885.1200 - fax: 207.883.9250 -