Scottsdale, Ariz.-based Loan Resolution Corp., a default service outsourcer, has added 50 employees, necessitating the relocation of the company's headquarters to a larger 30,000 square-foot office in North Scottsdale.
The new employees, added in the third quarter, were the result of growing demand for Loan Resolution's short-sale services, the company adds.
‘The explosive growth of our company is a direct result of the added demands from servicers," says Travis Hamel Olsen, chief operating officer of Loan Resolution. "The servicers we are speaking with want immediate and future capacity, and we have built our operation to accommodate their needs."
Loan Resolution notes that the company's growth coincides with the Treasury Department's forthcoming rollout of the foreclosure alternatives component of its Making Home Affordable program, which will provide homeowners, investors and servicers with incentives for executing short sales and deeds-in-lieu of foreclosure.
"Considering that there could be more than 3 million foreclosure starts in 2009, it is safe to assume that there will be a continued need for short sales for some time to come," Olsen adds.
SOURCE: Loan Resolution Corp.