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REO NEWS Titanium Launches New REO company Excellen REO HOT OF THE PRESS

Those of that know this company have all been waiting for this news and now it official!

Titanium Launches New REO company Excellen REO

For another company to launch into the REO market indicates to me that the "shadow inventory" we have all been hearing about, is real and it is just a matter of time as to when it will hit the market and if it will be in drips or not. How and when this release of inventory comes to market is a heated topic I'm sure.

I know here in Las Vegas we could use a some more under $300,000 homes to come on the market as I am working with several buyers now and the competition to win a bid can be difficult for some right now.

Titanium Solutions- Titanium Holdings Enters the REO market with its Launch of Excellen REO

It is all over the news here is one place at the DSNEWS to read about it

It is on Housingwire.com too and/or just Google Excellen REO.

Titanium Holdings, Inc., the parent company of loss mitigation specialist Titanium Solutions, Inc., is jumping into the property disposition arena with the official launch of a new business unit, Excellen REO.


Excellen REO is headquartered in Fort Mills, South Carolina, along with its sister company Titanium Solutions and parent Titanium Holdings.

Cary Sternberg is the president of Excellen REO a few of his former titles were, he was formerly with American Home Loan Servicing, VP of Loan services for Indy Mac and REO manager for Ocwen.

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Comment by Carolyn Kruse on January 13, 2010 at 4:37pm
I was previously told by my area manager is they are planning on using the HRCs on board first.
Comment by Dawn Barrier on January 13, 2010 at 1:15pm
Johnny,
That would be nice for current HRC's as it seems in most areas they have enough.
But there is a huge turnover of HRCs as it not an easy task and lets face it, it is little pay, unless you are doing volume or getting listings from it and it can be an emotionally roller coaster on some assisgnments.
Comment by Johnny Huang on January 13, 2010 at 1:04pm
They should close the doors and use existing HRC's as their network resource :-P
Comment by Dawn Barrier on January 13, 2010 at 12:47pm
Denise,

I guess the news leaked to the media before they had a chance. It wouldn't surprise me to see a bulk email on it in the next few days to calm us all down! LOL!
Comment by Denise Stovall on January 13, 2010 at 12:45pm
Dawn,

We knew it was coming and it is here...finally!!!

Yes and you are correct....HRCs and wanna be HRCs are needing information. LOL because they knew this would happen they should sent one of the bulk TS emails yesterday explaining and informing.

Keep posting.
Comment by Dawn Barrier on January 13, 2010 at 12:30pm
ok, everyone including me is blogging and talking about...REO NEWS Titanium Launches New REO company Excellen REO HOT OF THE ... I haven't even had a chance to read everyone elses yet...anyhow...

This is so new and fresh that my source tells me we all need to slow down and be patient that all the systems are not in place yet to start calling or sending in resumes or anything like that.

If you are an HRC, don't bug them about it yet as they are getting swamped and it is interfering with the HRC side.

The plan along has been to initially deal with HRCs first when it comes to the REO side, but again, they apparently are not ready to start handing out assignments yet.

So, this is still GOOD news and exciting,,,but I guess we all still have to cool our jets and get in standby mode!

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