Entries by Joe Bada

REO Disposition Success

By Joseph Badalamenti

The Key To Successful REO Disposition

By Joseph Badalamenti

The Compliance Challenge for Default Servicers

By Joe Bada

Closing The Field Service Gap

By Joe Bada

Quick-Response Technology

By Joseph Badalamenti

Magazine Column: Relieve The Stress Of REO Disposition

*Relieve the Stress of REO Disposition*
**By Joseph Badalamenti**

***Elevated numbers of foreclosed properties are placing lenders under significant pressure to reduce ballooning REO inventories, while minimizing portfolio losses. In these extreme market conditions, it has become increasingly difficult to sustain property-specific marketing strategies. Time constraints and sheer numbers tend to reduce the focus on individual properties in favor of volume-driven approaches. Ironically, the resulting one-size-fits-all solutions have often had the opposite of their desired effect, leading to longer disposition cycles and lower selling prices.

Default Management: Innovation At Work: Marketing REO Properties: A Holistic Approach

*Marketing REO Properties: A Holistic Approach*
**By Joseph Badalamenti**

***Effective marketing is critical to successful REO asset disposition. However, to be consistently effective, REO Marketing is best understood as part of the overall asset management process, not a substitute for it.

Default Management: Innovation At Work: REO Doesn’t Have To Be A Headache

REO Doesn’t Have To Be A Headache
By Joseph Badalamenti

***Field service companies must demonstrate the ability to handle both quantitative (volume) and qualitative (depth of service) market demands. Meeting this dual-track challenge requires a large, nationwide field service team ? the key to rapid deployment of field resources on a neighborhood-by-neighborhood, property-by-property basis. Providers who can perform at this level are re-defining responsive REO service.

Default Management: Innovation At Work: REO Fixes

*Localization: Key to Better REO Outcomes*
**By Joseph Badalamenti**

***Elevated numbers of foreclosed properties are placing lenders under significant pressure to reduce ballooning REO inventories, while minimizing portfolio losses. In these extreme market conditions, it has become increasingly difficult to sustain property-specific marketing strategies. Time constraints and sheer numbers tend to reduce the focus on individual properties in favor of volume-driven approaches. Ironically, the resulting one-size-fits-all solutions have often had the opposite of their desired effect, leading to longer disposition cycles and lower selling prices.

Default Management: Innovation At Work: New Challenges

*Field Services: New Challenges Test Old Models*
**By Joseph Badalamenti**

***For today’s servicer, success in the face of relentless change is an ongoing battle. The right field services provider can be an important resource for the expertise, specialized technology and in-depth field resources needed to win.