Titanium Holdings Launches Excellen REO

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.
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  • Carlos Im in Broward county and have done many assignments for Titanium. I have received a couple of assignments for Short Sales - none for REOs
  • Has anyone received any work from Titanium in the SE Florida area?
  • is anyone familiar with the process for titanium or exellen for becoming a property preservation vendor. i would appreciate any assistance or guidance with this matter.
  • Oh, someone asks about sign up information. Here is Titaniums website.

    https://www.titaniuminc.com/login.aspx

    Just click on the left hand side for more information on joining.
  • For those of you not on the Harris University mailing list here is a link to a recent interview with the new President of Excellen REO, Cary Sternberg. Good information.

    http://www.attendthisevent.com/Modern/?eventid=10733151

    I found using the MP3 feature worked best.

    Some highlights of the hour and 17 minute interview:

    Don't call you Titanium Field Managers asking for business. Excellen REO is a separate company. However, HRCs will be given priority and an email will be going out in about 2 weeks with a questionaire on REO experience, service areas, etc. If you don't want to do REO just answer the first question "no" and you don't need to complete the rest :>)

    The President said that of the appx. 9,000 HRCs across the US some 1,500 will initially be chosen for assignments. REO experience as well as education will major factors.

    They will be looking at your record at Titanium Solutions as well. Communication and timeliness are major factors.

    One thing I found interesting is that they don't care how big a team one has. They want to be communicating with the person that knows the property. If one is delegating work, you still need to be able to know your inventory and what has been assigned. The one thing that they hate to hear is that you need to check with someone else in order to give an update.

    They are thinking of initially limiting the number of referred REOs to 20. This ties into the previous comment.

    Finally, a point to take very seriously. Problem Solvers are a great asset as well as those who just do things in a faster than asked for timeframe. Example, if one is given 48 hours to do an occupancy check, an average agent does it in the 48 hours. A good agent does it within 24 hours. And a great agent does it in the same day within 4-6 hours.

    Be watching for the Excellen contact email.

    Steele
  • Congratulations on the launch of Excellen REO. I welcome the opportunity to work with you in the Charleston, SC Tri-County area. I am a Certified Loss Mitigator (LMC) through the Massachusetts Association Realtors and the South Carolina Association of Realtors. I am short sale certified.
    With kind regards
  • Congrats to Titanium for making it happen.
  • It's a great news. Looking forward to received REO assignments and ready to put my TEAM to work.
  • Good News! In Central California, a dozen agents have controled 60% or more of the REO listings. I for one will look forward to Titanium's new company. Worked the last year servicing over 100 HRC's, and only 2 REO assignments, both have SOLD withing days of their listings. Happy New Year everyone!
  • Excellent!
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