Public Workflow Guide
Cowtown Asset and Transaction System (CATS)
Dedicated directions for one workflow type at a time.
Workflow Guide
REO Asset Management Workflow
Focused on securing the property quickly, preserving value, preparing the asset for disposition, and controlling lender carry costs with stronger stage control and task intelligence.
Best Fit
Bank-owned and lender-controlled REO inventory that needs intake control, occupancy decisions, preservation work, pricing, marketing, and closing management.
Primary Objectives
- Secure the property immediately
- Preserve asset value
- Prepare the property for disposition
- Minimize lender carrying costs
- Achieve a clean and compliant sale
Stage Order
- Intake & Acceptance
- Occupancy Verification
- Preservation & Valuation
- Marketing & Asset Exposure
- Escrow & Closing
- Closed & Audit
Automatic Triggers
- Default REO task templates can launch at asset intake and again on major status changes.
- Suggested tasks and next-stage actions can be applied from My Work or Asset Center when the file is clean enough to move.
Manual Decisions
- Managers still control approvals, legal reviews, pricing calls, vendor choices, offer decisions, and closing signoff.
- Judicial-state files, HOA holds, and financial exceptions can block the next stage until a person clears them.
Branch Highlights
- Occupied files can branch into cash-for-keys or eviction handling.
- Condo and HOA issues can inject special review tasks and holds.
- Judicial-state assets can be held back from active listing until required legal milestones are entered.
Control Points
- Asset Center now shows stage journey, blockers, next best action, and role-aware guidance.
- Workflow Map and Task Template Design document and control the live cadence behind the scenes.
Workflow templates can be refined in Task Template Design and reviewed in Workflow Map, but this public page explains the intended sequence, automation, and operating purpose of the workflow.