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Titanium Solutions Jumps Into REO Asset Mgmt! Excellen REO!

Just wanted to post an article that came out this morning.

Titanium Holdings appointed Cary Sternberg as president of its newly formed real estate-owned (REO) subsidiary Excellen REO.

The full service REO asset management company offers services to mortgage companies across the nation. Sternberg will manage the strategic direction of the company.

In November, Sternberg will begin hiring asset managers to start servicing in January 2010. The new recruits will develop a national network of real estate agents, which may expand to as many as 1,200 agents.

Many will come from Titanium Solutions’ housing retention consultants with past REO experience. Others will be required to pass two courses and will use the RES.NET software system.

Sternberg was formerly the senior vice president of the REO department for American Home Loan Servicing, where he managed more than 200 employees and 33,000 assets.

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Well, well, and I must have been listening at the same door.
Great News!
This is great news, I know assignments have picked up in my area. I can't wait for the listings.
Mark, thanks for sharing.
This is finally coming to fruition. Does anyone know how the recruitment of agents and assignments of listings will be handled?

Will HRCs be given a leg up on getting in vs. those who've never worked with Titanium?

Will the Area Managers have anything to do with assigning properties or will new asset mangers be brought in to handle this?
I am all hoping HRC's will ONLY be the agents used in this program especially the ones that have done the time and work throughout the years.
I know that my AM is quickly working through the agents in our area who are not accepting assignments. They are not going to let them stay on the panel with no activity during this time when they really need us. The payoff will be a high rating and asked to join the sister company. According to the article you will also have to have the RDCPro and past REO experience.
Can anyone tell me where to find this article? I'd really like to read it. I've googled and searched the Titanium website but can't seem to link up to it.
It's not on TS website, only in DS News so far (or related press releases).
Thanks! Got it.
Where do we sign up?


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