IDOREO

Purpose

IDOREO is a purpose built database analysis tool designed to identify entities within the corporate structure of a bank or bank holding company that may be holding OREO tagged assets in violation of the Debts Previously Contracted provisions of the Code of Federal Regulations.

Overview

IDOREO is a multi-phase data collation and analysis tool that examines banking entity data to identify entities that have a potential to hold OREO assets, conducts a logic-driven search for these entities through various national title data bases to identify properties that may be owned, and finally checking that the entities that own these properties are in fact owned by the regulated banking institution.

Timeline

POC live Q4 2024, Initial sales anticipated Q2 2025

Ownership

IDOREO is wholly owned by ParkWestConsultingServices, LLC. (ParkWest), a Connecticut Limited Liability Company. ParkWest retains all rights to IDOREO services, logos, and partnership agreements.