Titanium Solutions branches into REO market
News just hit last night that TS has formed an asset management company. Here is the latest press:
Titanium Holdings Launches Excellen REO
Loss Mitigation Solutions Provider Expands Presence in to REO Space
Titanium 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.
Titanium Holdings Launches Excellen REO
Loss Mitigation Solutions Provider Expands Presence in to REO Space
Titanium 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.
Replies to This Discussion
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Permalink Reply by Tiffany Erickson on
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I got the questionare too. It was very REO specific, and I do have some REO experience now, but not a lot like some of the other agents around here, unfortunately. I signed up with Res.net and AMP just in case they consider me, but I guess we will see! Thanks for the update!
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Permalink Reply by Steele V. Propp on
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The good news is that most "regular" REO agents are not working with Titanium. If Excellen keeps it's word to it's sister company you should have a reasonable shot at their REOs.
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Permalink Reply by Jerri Schick on
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I signed up with Titanium a few weeks ago and have had about 1 to 2 assignments a day so far. I am going to give it a few more weeks and then I am going to ask my area manager if I will be considered to list REO's. I do so hope I will.
So far I have had excellent luck contacting my home owners and everyone of them has been receptive to the offer from their mortgage company. -
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Jerri, do you have any REO experience? I think that may be a major factor along with being a HRC.
Also, just so you know, we were told not to bother our area TS reps too much on Excellen. Afterall, it is a different company.
Somewhere I think I might still have the link to Excellen's REO questionaire. You might just be able to be proactive and send it in if the link is still active.
Let me check to see if I can find it. -
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Permalink Reply by Makoto Sato on
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Here's the link:
www.surveymonkey.com/s/excellenreo-hrcregistration
Steele V. Propp said:Jerri, do you have any REO experience? I think that may be a major factor along with being a HRC.
Also, just so you know, we were told not to bother our area TS reps too much on Excellen. Afterall, it is a different company.
Somewhere I think I might still have the link to Excellen's REO questionaire. You might just be able to be proactive and send it in if the link is still active.
Let me check to see if I can find it. -
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Thanks, Makoto. And my understanding is that you don't necessarily have to be a member of Titanium Solutions to be considered. However, TS consultants will be given priority for their service area. Especially if they can show REO knowledge and experience.
Makoto Sato said: -
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