New Foreclosure And REO Auction Platform Launches

ServiceLink, a national provider of transaction services to the mortgage and finance industries and the largest provider of integrated services throughout the default cycle, announced today the launch of its newest offering, ServiceLink Auction.

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ServiceLink Auction will provide a results-driven, full service auction platform providing foreclosure and REO auction services that are fully integrated with ServiceLink products and technologies. It will be complemented by ServiceLink’s end-to-end default services and managed through ServiceLink’s Default Services division.

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ServiceLink Auction is powered by the recent acquisition of Hudson and Marshall completed by ServiceLink’s parent company, Fidelity National Financial (FNF), a leading provider of title insurance, technology and transaction services to the real estate and mortgage industries.  Hudson and Marshall, a full service auction company, is one of the top auction providers in the country and has been in business since 1965.

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“With ServiceLink Auction, we are providing a service for our customers who have been looking for auction alternatives,” said Chris Azur, CEO of ServiceLink. “This service complements our default offerings and allows us to be the single service provider that the industry can count on to provide timely liquidity and optimal market value in the disposition of assets.”

This new platform, and the addition of CWCOT auction services, will also broaden ServiceLink’s HUD Suite of Services, with services tailored for the disposition of HUD delinquent portfolios including CWCOT title, post-sale HUD title, valuations and property preservation.

“As the industry leader in quality, compliance and an overarching commitment to customer excellence, ServiceLink is committed to consistently meeting the needs of our changing industry,” Azur said. “In partnership with Hudson and Marshall’s long-history of auction leadership and innovative technology platforms, we are certain that ServiceLink Auction will become the go-to resource for servicers.”

“The partnership with ServiceLink provides an even greater reach for Hudson & Marshall’s innovative disposition offerings,” said Trixy Castro, CEO of Hudson & Marshall. “It’s a great match and we are excited about the impact we can make together on the real estate industry.”

About The Author

Tony Garritano
Tony Garritano is chairman and founder at PROGRESS in Lending Association. As a speaker Tony has worked hard to inform executives about how technology should be a tool used to further business objectives. For over 10 years he has worked as a journalist, researcher and speaker in the mortgage technology space. Starting this association was the next step for someone like Tony, who has dedicated his career to providing mortgage executives with the information needed to make informed technology decisions. He can be reached via e-mail at tony@progressinlending.com.