Archive for REO

Cade Holleman Joins U.S. REO Partners As Executive Director

Posted by Patrick Barnard on July 26, 2017

Cade Holleman, formerly of American Legal & Financial Network (ALFN), has joined U.S. REO Partners Inc., a national trade association representing real estate-owned (REO) brokers, mortgage servicers, default services law firms, as well as other ancillary service providers in the [Read More]

Foreclosures Spike in D.C., Deep South

Posted by Michael Bates on July 21, 2017

According to ATTOM Data Solutions’ Midyear 2017 U.S. Foreclosure Market Report, there were a total of 428,400 U.S. properties with foreclosure filings (default notices, scheduled auctions or bank repossessions) in the first six months of 2017, down 20% from the [Read More]

USRES Hires Tiffany Malm-Ruiz To Oversee REO Division

Posted by Patrick Barnard on June 07, 2017

Tiffany Malm-Ruiz has joined USRES, a provider of real estate owned (REO) asset management, default management and valuation solutions to the mortgage industry, to help manage the firm’s REO division. Malm-Ruiz has extensive experience in default mortgage servicing and asset [Read More]

REO Rent-To-Own Model Falls Under Closer Scrutiny

Written by Nora Caley on June 07, 2017

REO-to-rental firms have helped banks and servicers liquidate tens of thousands of REO properties over the years – but the model is now under closer scrutiny.

FHFA, Fannie Mae Cease Selling REOs To Rent-To-Own Companies

Written by Patrick Barnard on May 24, 2017

Apparently, there is a problem with leasing REOs “as is” and shifting responsibility for repairs and maintenance to the renter in certain “rent-to-own” models.

Refining Property Preservation Is Doable With Technology

Written by Bill Colby on May 22, 2017

Pre-foreclosure management of properties can be greatly improved with technology.

Safeguard Properties Announces Two Management Appointments

Posted by Patrick Barnard on May 09, 2017

Sheilla Lienerth has joined field services company Safeguard Properties as assistant vice president of client relations. In addition, Lisa Nicholas has joined the company as director of finance and accounting. Prior to joining Safeguard, Lienerth held a variety of leadership [Read More]

Rida Sharaf: Evolution Of REO Asset Management Drives Need For Deep Expertise

Written by Patrick Barnard on May 01, 2017

PERSON OF THE WEEK: Although it is true that the inventory of real estate owned (REO) properties has dropped nearly to pre-recession levels – and that mortgage delinquencies and defaults have fallen to pre-crisis lows – by no means is [Read More]

Will That Be Plastic Or Plywood? The New Trend In Blight Control

Written by Nora Caley on April 19, 2017

Fannie Mae changes a rule about securing vacant properties, but experts say blight control is about more than covering windows.

Exceleras: Shaving Weeks Off The REO Disposition Process

Posted by Patrick Barnard on March 06, 2017

One of the most important metrics when it comes to real estate owned (REO) disposition is time. Every day it takes to move a property off the investor’s balance sheet and back into the market costs money. Mortgage technologists have [Read More]

A New ‘Vision’ For Turning Renters Into Homeowners

Written by Patrick Barnard on December 14, 2016

Company seeks to help lenders and servicers more quickly offload their distressed assets.

Exceleras Introduces Software Platform For REO Offering

Posted by Lauren Tyler on October 24, 2016

Exceleras, a provider of Web-based automated tools to manage and value real estate owned properties, has announced that DispoSolutions is now a core element of a new services and technology offering for nonprofit community organizations through a partnership with M2 Asset [Read More]

Equator Launches New Suite Of Tools To Help REO Agents

Posted by Patrick Barnard on September 12, 2016

Default servicing solutions provider Equator has launched a new suite of tools for real estate owned (REO) real estate agents that adds transparency and actionable insight to the REO market. Dubbed Equator Agent Elite, the new suite gives agents access [Read More]

Auction.com Hires Patrick McClain To Optimize REO Disposition

Posted by Patrick Barnard on September 12, 2016

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 [Read More]

ATPR Enhances Search Functionality For SmartProp

Posted by Patrick Barnard on September 12, 2016

ATPR Inc. has once again enhanced its SmartProp solution by improving the search capabilities of its Two-Owner Search (2OS) and Full Search products as a part of its range of property reports. With these enhancements, SmartProp will now be able [Read More]

REO Sales Still About Double What They Were Pre-Crisis

Posted by Patrick Barnard on September 08, 2016

If sales of real estate owned (REO) properties are any indication, it appears that the number of completed foreclosures is “stuck” at about double the rate seen pre-crisis. Black Knight Financial Services’ most recent Mortgage Monitor report shows that distressed [Read More]

LRES Promotes Audrey Clearwater To Vice President Of Operations

Posted by Patrick Barnard on August 22, 2016

Audrey Clearwater has been promoted to vice president of operations at LRES, a national residential and commercial real estate services company providing valuations, real estate owned asset management, homeowners association and technology solutions. Before assuming her role as vice president [Read More]

Keith Guenther: Mortgage Companies To Further Consolidate Their Technology And Services

Posted by Patrick Barnard on August 03, 2016

PERSON OF THE WEEK: Keith Guenther is CEO and founder of USRES and RES.NET, offering real estate owned (REO) disposition, default valuations services and technology to the mortgage banking industry. MortgageOrb recently interviewed Guenther to learn more about how the [Read More]

USRES Hires Susan Rosen As A Strategic Account Executive

Posted by Patrick Barnard on June 20, 2016

Susan Rosen has joined USRES and its technology arm, RES.NET, as a strategic account executive. Rosen previously worked for Stewart Lender Services, where she was vice president and strategic account manager. She began her servicing career at an industry law [Read More]

Mortgage Contracting Services Forms MCS Solutions, Promotes Chad Mosley

Posted by Patrick Barnard on April 21, 2016

Mortgage Contracting Services LLC (MCS), a nationwide provider of property preservation, inspections, real estate owned property maintenance, valuations, and title and settlement services for the financial services industry, has formed MCS Solutions to incorporate the company’s valuations, title services and steel [Read More]