Loss Mitigation Solutions Provider Expands Presence in to REO SpaceTitanium Holdings, Inc., the parent company of Titanium Solutions, Inc., a provider of loss mitigation solutions, recently announced the launch of a new business unit, Excellen REO. Excellen REO is a full service REO asset management company that offers a complete suite of services designed to create a customized property liquidation process for each client.“As the mortgage industry faces various challenges during this economic downturn, the success we have experienced with Titanium Solutions for more than a decade has uniquely positioned us to understand and respond to the changing needs of our clients,” Patrick Carey, CEO of Titanium Holdings, explained. “We have made a number of strategic decisions during the past year and the launch of Excellen REO is the latest result of that effort. Excellen REO will help us expand the client relationships that we have built over the years and establish new partnerships as we offer a comprehensive solution to all of their property liquidation needs.”Cary Sternberg, president of the new company, leads Excellen REO. With almost 40 years of experience in asset preservation, management and liquidation, Sternberg is the former senior vice president of the REO department for American Home Loan Servicing, Inc. In this position Sternberg managed more than 200 employees and 33,000 assets. His previous titles also include first vice president of home loan servicing and REO of Indymac Bank FSB, national REO manager of Ocwen Federal Bank FSB, president of Virginia Commonwealth Realty and senior vice president of American Family Homes.“We have assembled a staff that leverages decades of experience in REO management and key business partners across the country,” Sternberg said. “Titanium Holdings has created a formidable reputation in the industry and I look forward to garnering that same level of trust for Excellen REO.”Excellen REO services include pre-marketing, valuations, marketing and sales negotiation, closing and funding and alternative sales methods. The company will leverage a nationwide network of real estate brokers and local eviction attorneys, as well as property preservation companies.
Thank you for the great news. We have been waiting for it since September last year. As soon as I hear more details about the REO Division, I will happily share! Hopefully are selected amongst the HRCS's.
I have been an HRC with Titanium Inc. and they are doing and continue to a great job in providing us clients who need help and I have taken short sale listing with their help. And I too cant wait for REO's to come down the pike as well.
Titanium is awesome to provide your dabase with leads, they have also been sending pre-approved short sales out to us. I for one can't wait for the REO'S to come down the pike as well.
TS is not a scam in anyway. They provide servicers the face to face response. I've recouped my investment within 3 assignments. The assignments are fairly simple, but like Sam mentioned, it's alot of nights and weekend travels.
Opening up the REO division will be something every HRC on TS's roster is looking at carefully.
I signed up a couple of weeks ago, have had 4 assignments, none have gone anywhere but my name is with the client. Postcard mailings don't always go anywheres either.
Loss Mit and REO - 2 different animals. Hoping that Titanium Holdings - Excellen REO drafts its' agents from their HRC staff rather than start new...a scarry thought if they don't . It will be a unique experience for those hopeful REO agents that sign up as a HRC and do not truly understand a Home Retention Counselor is on a assignment not a listing appointment.
I am sure Excellen has a plan .... ok someone has to have insight. I will buy information at this point...Jesse in that past has reminded in his communication to go old school.
Comments
Opening up the REO division will be something every HRC on TS's roster is looking at carefully.
I am sure Excellen has a plan .... ok someone has to have insight. I will buy information at this point...Jesse in that past has reminded in his communication to go old school.
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