November 2016 - End of the Road?

TheMReport — News and strategies for the evolving mortgage marketplace.

Issue link:

Contents of this Issue


Page 6 of 67

TH E M R EP O RT | 5 MTECH Association of Professional Background Screeners, and have delivered more than 5,000,000 background-screening reports to thousands of clients. Quick Search is licensed and bonded through the Texas Department of Public Safety Private Security Bureau. The partnership between Aspen Grove Solutions, NAMFS, and Quick Search allows mortgage field service companies to use and re-use a single annual background check, eliminating the needless cost and wasted time of repeated background checks for multiple clients, while still meeting the highest consum - er protection standards. "Quick Search is excited about our new partnership with Aspen Grove Solutions and extending our Background Screening services to the mortgage field services marketplace" said John V. Page, VP of Sales for Quick Search. There are in excess of 100,000 contractors in the United States who are under increased pressure due to mounting federal and state regulations, tightening profit margins, a shrinking roster of active contractors and renewed demand on services for default properties due to a revitalized real estate market. By eliminating the need for repeated background screenings, mortgage field service providers can save time and money while still meeting regulatory and safety requirements. "Aspen Grove Solutions is delighted to add Quick Search to our list of background check providers," said Ed Buckley, President of Aspen Grove Solutions. "This new partner will help provide even greater choice, flexibility, and efficiency to our Aspen iRecord customers, while helping them stay compliant with industry and client standards." OwnAmerica Tool Attracts 1.8 Million SFR Properties in First Month PORTFOLIO VISUALIZER CONNECTS PORTFOLIO OWNERS WITH SELLERS SEAMLESSLY. I nvestors have installed more than $1.8 billion in assets on the OwnAmerica Portfolio Visualizer in the first 30 days, with more than $200 million made available for purchase, according to an announcement from the company. OwnAmerica launched the platform on September 12, offering SFR portfolio owners a way to receive valuation and analysis on their investment properties. The platform also gives investors access to a rapidly growing commu - nity of fellow SFR investors. The company says that owners who are expanding their holdings can be matched with owners who are seeking to sell all or part of their portfolios. OwnAmerica's Portfolio Visualizer is supported by technology and a national field force of 4,000 certified real estate agents. "Owners of SFR portfolios have never been offered services like these, and they are responding with enthusiasm," said Greg Rand, CEO of OwnAmerica, "Single Family Rental is the latest segment of the real estate economy to be transformed by technology. We are revealing and tracking the financial perfor - mance of SFR portfolios in ways that were not possible four years ago." Larry Shapiro, COO of Silver Bay Realty Trust, has been using the platform. "By offering portfolio owners a place to manage the disposition of their real estate investments," Shapirok said, "OwnAmerica is creating a steady flow of quality inventory for sale, which is good for the health of the market." The total value of the SFR market exceeds $3 trillion, and shelters more than 12 percent of the households in the U.S. The National Association of Realtors reports that 22 percent of all home sales—or over 1 million sales each year—are attributable to investors. The volume and value of the market is comparable in size to the other real estate asset classes in commer - cial real estate. SingleSource Property Solutions Expands into Texas NEW OFFICE MARKS THE ORGANIZATIONS 37TH STATE OF SERVICE. S ingleSource Property Solutions, a nationwide provider of valuation, REO asset management, title and settlement, and property preservation servic - es, has expanded its operations into Texas with the establishment of SingleSource Property Solutions of Texas, LLC. The company's Texas division is based in Plano, a North Dallas suburb, and is headed by a veteran Texas real estate executive, Corey Gentry. That division serves both the residen - tial and commercial real estate markets in Texas, offering title and closing services to origination lenders, banks, credit unions, loan servicers, investment banks, and hedge funds that participate in or support real estate transaction in Texas on both the residential and commercial side. Headquartered in Canonsburg, Pennsylvania, SingleSource Property Solutions is now a licensed title agent in 37 states. "We are pleased to offer title and closing services to clients in a thriving market," says Ed Austin, SingleSource Property Solutions' Chief Operating Officer. "With Corey Gentry heading our Texas office, we are able to provide a complete range of real estate services to established and new clients in the nation's second-most populous state." Knowledge WHY LIA? The Largest Provider of E&O Insurance to AMCs in the U.S. SINCE 1977 POLICIES SPECIFICALLY DESIGNED FOR AMCS COMPETITIVELY PRICED COVERAGE NATIONWIDE COVERAGE WITH "A" RATED COMPANIES STATE AMC BONDS WITH NO ADDED FEES Contact Susan Lomeli Ph: (800) 334-0652 X 139 Fax: (805) 962-0652 CA License #0764257 Administrators & Insurance Services LIA_AMC_Print_Ad_Knowledge_2.2917x9.125.indd 1 2/11/15 7:18 PM

Articles in this issue

Archives of this issue

view archives of TheMReport - November 2016 - End of the Road?