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]
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]
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-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.
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.
Pre-foreclosure management of properties can be greatly improved with technology.
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]
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]
Fannie Mae changes a rule about securing vacant properties, but experts say blight control is about more than covering windows.
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]
Company seeks to help lenders and servicers more quickly offload their distressed assets.
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]
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]
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 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]
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]
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]
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]
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 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]