Cyprexx Services

What Cyprexx Services does

Cyprexx Services, LLC is a family-owned, nationwide property preservation and default services company headquartered in Brandon, Florida. Founded in 1989 by Ronnie and Linda Ory, the company manages property inspections, preservation, repairs, vacant property registration, REO services, and FHA-compliant property work across all 50 U.S. states for mortgage servicers, financial institutions, Government Sponsored Enterprises (Fannie Mae, Freddie Mac), asset management companies, and real estate investors. The Ory family regained 100% ownership in 2014 after repurchasing a 49% minority stake. Cyprexx pioneered flat-fee pricing in the property preservation industry in 1998 and has grown into a premier national default services provider with multi-year enterprise contracts and dedicated client service teams.

The company's operations are built on a proprietary technology stack centered on REOTrak, an in-house-developed software platform maintained by an internal development team. The platform is SSAE16 SOC 2 Type 2 compliant, hosted across two Flexential enterprise data centers with redundant power, bandwidth, A/C, environmental controls, physical security, and air-gapped backup with real-time data replication. REOTrak integrates with major mortgage servicing platforms (Black Knight, CoreLogic, Equator, Fiserv, RES.NET, HUD P260, Sourcepoint, Home Tracker, IFS) and dispatches thousands of work orders per day to a nationwide vendor network, which performs on-site work using the Pruvan mobile app for geocoded photo capture and completion verification. Cyprexx also sells three proprietary hardware products — InvisiBoard (patented clear polycarbonate window boarding), RailKit (customizable metal handrail systems), and Lockwise (Bluetooth smart locks integrated with Prempoint) — via its e-commerce storefront and Amazon Marketplace.

The business model combines managed services revenue (flat-fee pricing for property preservation and field services coordinated across the vendor network) with product sales (InvisiBoard, RailKit, Lockwise, PASS-CODE) and implicit vendor network management fees. Cyprexx reaches enterprise clients through a direct sales motion and a dedicated 1-800 inbound line, while distributing products through direct e-commerce, Amazon, and a Brandon, FL distribution center. The company has been an active participant in industry associations (MBA, REOMAC, NAMFS, DS News, Housing Wire, FACE) and was recognized on the Entrepreneur Magazine Top 100 list in 2008.

Name

Cyprexx Services

Legal name

Cyprexx Services LLC

Website

https://cyprexx.com

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

101–250 employees

Short description

Cyprexx Services is a family-owned, nationwide property preservation and default services company headquartered in Brandon, Florida. Founded in 1989, it provides property inspections, preservation, repairs, vacant property registration, and REO services across all 50 states for mortgage servicers, GSEs, and asset managers via its proprietary REOTrak platform and nationwide vendor network.

Ownership category

akta.pro rank

Product category

Property Preservation Services

NAICS

Building Inspection Services (54135), Security Systems Services (56162)

SIC

Real Estate Agents & Managers (For Others) (6531), Services-Computer Programming Services (7371)

akta.pro primary industry

Appliance Maintenance, Cleaning & Tune-Ups (Descaling, Filter Changes) (HSAGANAL)

akta.pro secondary industry

Maintenance, Monitoring & Support Services for Smart Locks/Access Systems (HSAHAEAL)

Keywords

• Property preservation services
• Mortgage field services
• REO asset management
• Vacant property registration
• Default servicing solutions

Headquarters

HQ city

Brandon

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Property Preservation and Field Services: Cyprexx provides a full suite of national field services (inspections, preservation, maintenance, repairs, REO services, vacant property registration) to mortgage servicers, financial institutions, GSEs, and asset managers. The company pioneered a flat-fee pricing model for clients and manages a nationwide network of field service vendor contractors who perform the actual on-site work. Revenue is derived from fees charged to clients for managing and coordinating these field services across the vendor network.
2. Product Sales (InvisiBoard, RailKit, Lockwise, PASS-CODE): Cyprexx sells proprietary products directly to consumers, vendors, and property managers via its e-commerce storefront (products.cyprexx.com) and through Amazon. Products include InvisiBoard polycarbonate sheets and installation kits, RailKit handrail systems, Lockwise smart locks, and PASS-CODE access management systems. Pricing varies by product and configuration, with specific per-unit pricing disclosed for InvisiBoard components.
3. Vendor Network Management Fees: Cyprexx operates a nationwide vendor partner network and earns revenue by coordinating field service work orders to qualified vendors. Vendors submit bids per job, and Cyprexx manages the invoicing and payment process through its web portal.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

Cyprexx Services provides nationwide property preservation, property inspections, vacant property registration, national repairs, REO services, and FHA-compliant default field services to mortgage servicers, GSEs, financial institutions, and asset managers, coordinated through its internal REOTrak platform and a nationwide network of vetted field service vendor contractors. The company also designs, patents, and sells proprietary physical security and maintenance products—including the InvisiBoard clear polycarbonate window boarding system, RailKit handrail systems, and Lockwise Bluetooth smart locks—directly to consumers, vendors, and property managers via e-commerce and Amazon.

Product overview

Cyprexx Services is a premier national default services company offering a unified portfolio of property preservation services and proprietary products. The service portfolio includes Property Inspections, Property Preservation, Vacant Property Registration, National Repairs, REO Services, and FHA Services, all delivered through a nationwide vendor network. The product portfolio centers on three proprietary innovations: InvisiBoard (patented clear polycarbonate window boarding system), Lockwise (keyless entry smart lock powered by Prempoint), and RailKit (customizable metal handrail system). These products address safety, security, and appearance of defaulted properties. The company operates its main services platform at cyprexx.com and a dedicated e-commerce product site at products.cyprexx.com.

Differentiator

Problem solved

Functional benefit

Brands

• InvisiBoard: Polycarbonate clear window boarding system with a patented installation method that eliminates traditional cross-bracing used to install wood window coverings.
• RailKit
• LockWise
• PASS-CODE

Products and services

• Property Inspections Inspection services covering the default lifecycle for residential properties, including initial, monthly, weekly, bankruptcy, mobile home, monthly interior, and verification of occupancy inspections, as well as sale date, insurance loss draft, quality control, natural disaster/FEMA, and custom inspection types. Delivered to mortgage servicers, GSEs, financial institutions, and asset managers.
• Property Preservation Property protection services from the beginning of default through liquidation, including securing vacant properties, damage identification, repair estimates, lawn maintenance, snow removal, and conveyance preparation. Aimed at eliminating neighborhood blight and protecting client assets.
• National Repairs Residential repair services including Full Scope Repairs, Code Violations, Lead and Mold Remediation, Roofing, HVAC, Plumbing, Electrical, Demolition, Fencing, Pool Repairs, and Hazard Claim Repairs. Delivered through Cyprexx's nationwide coordinated repair program under the leadership of EVP of Repairs RJ Ory.
• Vacant Property Registration Compliance management for vacant properties, including property registration filings, renewals, de-registrations, signage postings, bond posting, monthly inspection reporting, and proprietary software for tracking registration triggers across changing local and state ordinances.
• REO Services Full range of real-estate-owned (REO) field services for lenders and asset managers, including securing, debris removal, sales clean, complete lawn care, winterization/dewinterization, eviction services, cash for keys, utilities management, and code violation management.
• FHA Services FHA-specific property preservation and maintenance services adhering to HUD specifications and requirements, including the HUD P260 compliance workflow integration.
• InvisiBoard Clear Window Boarding System Patented clear window boarding system using 1/4-inch polycarbonate sheets with proprietary installation kits (Angle Kit, Block Kit, Clip Kit). Developed and patented by Ronnie and RJ Ory, it provides property security and an improved appearance versus traditional plywood boarding. Sold via products.cyprexx.com and Amazon.
• RailKit Handrail Systems Customizable outdoor metal handrail system shipped as a complete kit with all components ready for installation. Available in 4ft, 6ft, 7ft, and 8ft sizes; White and Bronze colors; and base-mounted, side-mounted, or wall-mounted configurations. Sold direct via products.cyprexx.com.
• Lockwise Smart Lock Keyless Entry System Bluetooth-enabled keyless entry management system developed in partnership with Prempoint Inc., eliminating traditional keys and rekeying costs. Provides remote property access control, customizable scheduling, and entry audit trails via the Prempoint app. Available in Aged Bronze and Satin Nickel finishes.
• PASS-CODE Access Management System Access management product featured in Cyprexx's proprietary product portfolio alongside InvisiBoard, RailKit, and Lockwise. Provides property access control functionality to property owners, vendors, and managers via products.cyprexx.com.

Quantifiable outcome

• 86% of InvisiBoard installations are best serviced with a specially manufactured sheet size (38" x 76"), resulting in cost and waste reduction.
• +1 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration11 records

AI capability2 records

Feature5 records

Partnerships

Three partnerships are on record, tiered core.

• Prempoint Inc.coreTechnology or Integration · 14 September 2017Cyprexx partnered with Prempoint Inc. to launch Lockwise, a Bluetooth-enabled keyless entry management system for properties. Prempoint provides the software platform (app and web dashboard) while Cyprexx provides the Lockwise hardware. The partnership enables remote property access control, customizable scheduling, and entry audit trails. Ed Mullen, CEO of Cyprexx, stated the partnership represents an exciting opportunity to bring innovative solutions to market and enter the property management space.
• PruvancoreTechnology or IntegrationPruvan is fully integrated with Cyprexx's platform, enabling vendors to receive work orders in the field, take geocoded photos, and complete orders by sending photos instantly. The integration provides photo verification of property conditions, geocode accuracy, and streamlined work order management for both compliance and vendor reimbursement processes.
• Flexential DatacenterscoreTechnology or IntegrationFlexential provides enterprise-grade data center hosting for Cyprexx's production servers. All Cyprexx production servers are located within two Flexential enterprise hosting facilities that provide redundant power, bandwidth, A/C, environmental controls, physical security, and the ability to operate indefinitely without commercial power.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• National Real Estate Information Services (NREIS): NREIS provides property preservation, inspection, and maintenance services to mortgage servicers and investors, with a comparable vendor-based national delivery model aimed at the same GSE-driven customer base as Cyprexx.
• Mortgage Contracting Services (MCS): MCS is a major national provider of property inspection, preservation, and REO services to mortgage servicers and investors, operating a comparable vendor network model and competing head-to-head with Cyprexx for default servicing contracts.
• Safeguard Properties: Safeguard Properties is the largest U.S. mortgage field services company, directly competing with Cyprexx on property inspections, preservation, REO services, and vacant property registration for the same GSE and servicer clients.
• RealtyValu: RealtyValu provides property valuation, inspection, and preservation services for the mortgage default industry, with overlapping offerings in property inspections and condition reporting for the same servicer clients as Cyprexx.
• Five Brothers Asset Management Solutions: Five Brothers provides property inspection, preservation, and repair management technology and services for the mortgage industry, competing directly with Cyprexx on default field services workflows.
• Asset Management Specialists (AMS): AMS offers REO asset management, property preservation, and field services to lenders and investors, competing directly with Cyprexx for default and REO portfolios at mortgage servicers and asset managers.

Broad incumbents

• Clear Capital: Clear Capital is a national real estate valuation and analytics firm with products in property inspections, valuations, and REO workflow software that overlap with parts of Cyprexx's service portfolio.
• CoreLogic: CoreLogic provides property data, analytics, and platform software to the mortgage and real estate industry; Cyprexx integrates with CoreLogic's platforms, and CoreLogic offers overlapping default servicing and REO workflow capabilities.
• ServiceLink: ServiceLink is a national default services and real estate transaction platform owned by Fidelity National Financial, offering property preservation, valuations, title, and default-related services that overlap with Cyprexx's preservation and inspection offerings.

Emerging players

• Inspectify: Inspectify is a tech-driven property inspection marketplace that competes with parts of Cyprexx's inspection services by connecting servicers and investors with inspectors through a digital platform.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCu0gSi_xU5bxq4S4_8xdbRg
• Xx.com/Cyprexx
• LinkedInlinkedin.com/company/cyprexx-services

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cyprexx Services