IBM’s clients are going to be managing and marketing their own REO. All current Wilshire REO will service transfer by March 1, with the majority migrating to Bank of America to be managed by Integrated Asset Services. 

Brokers with active listings will receive a notice approximately two weeks prior to the transfer.  Wilshire anticipates little disruption as they plan to continue the listings with the current listing agents.   

Wilshire REO Department will close March 1, 2010. They will be missed by many REO agents that had the privilege of working with them.