Industry veteran Patrick McClain has joined Auction.com, an online marketplace for foreclosure and bank-owned properties, as senior vice president of auction portfolio operations.
McClain has almost 20 years of experience working in the asset management field. He has managed portfolios of more than 200,000 real estate owned (REO) assets over the course of his career. He previously served as senior vice president at Atlas Nationwide, where he oversaw asset management services, including marketing, preservation and maintenance, refurbishment, title, homeowners association, vendor management, and eviction/relocation assistance. He also previously worked as a senior vice president at GMAC Mortgage, where he was responsible for management of the company’s enterprise REO group.
In his new role, McClain will lead Auction.com’s portfolio management team toward establishing a “one stop shop” experience for sellers, from onboarding to closing, regardless of disposition type.
Under McClain’s direction, Auction.com’s portfolio operations will focus on optimizing REO disposition services by establishing enhanced partnerships with third-party vendors, agents and its clients’ asset management companies.