MRI Residential - The best title in the whole wide world
Anonymous | TrustRadius Reviewer
February 22, 2018

MRI Residential - The best title in the whole wide world

Score 7 out of 10
Vetted Review
Verified User
Review Source

Overall Satisfaction with MRI Residential Management

MRI (formerly known as Integratec) is utilized by my organization in order to maintain asset management on deals where we have provided debt and equity. Concurrently, it's being used specifically in our line of business to obtain information on the operations of our maintained project partnerships. The business problems it addresses are timely information (if it's uploaded by the real estate owner operator), quick download of static information (names, addresses, etc.) and it's easily accessible via the cloud and single log-in.
  • It's in the cloud
  • Graphic User Interface is intuitive
  • Can export to various reports (PDF, Excel, Crystal)
  • Sometimes the data that is outputted is not consistent (back end of the database is constantly being updated), have to follow up with our client relationship manager
  • Sometimes very rigid
  • Incremental cost to add on information (if we want MRI to host certain documents in the cloud)
  • Less reliance on line of business only databases (essbase and access)
  • Quicker access to operating statements
  • Less double work (saving items in the cloud versus in the drive)
We had a proprietary access database, but wanted to utilize MRI because of support (annual fee is in the tens of thousands versus a hundred thousand plus build out). The user interface is pretty straight forward, and there is available training as well. Updates are done online via the SAAS website so we don't have to worry about any coding issues here in house.
Well suited scenario - MRI Residential is obviously good for residential real estate. It doesn't make sense to just plug in industrial, hotel or commercial real estate management as those are different types of products. Those who have access to the cloud can easily download information off site to do an analysis.

Less appropriate - Information may need to be scrubbed. For instance, there could be operating statements that are inputted incorrectly because items are miscoded.