Archive for April, 2011
Default Resource CEO Named One of “25 CEOs You Need to Know”
April 19th, 2011
posted by admin
Glen Calderon, CEO of Default Resource, a nationwide provider of default and origination products and services to the real estate and mortgage industries, has been selected as one of 2011′s “25 CEOs You Need To Know” by The Gazette of Politics and Business. Each year this honor goes to a diverse group of Maryland business leaders, recognizing them for the success of their companies and charitable activities in the local community. Calderon and other honorees will be presented with awards at a May ceremony.
Calderon co-founded Default Resource in 2005 after identifying a need to provide new solutions for lenders, mortgage insurance companies, hedge funds and others based on projected increases in defaulted loans and foreclosures. Since then, the services of Default Resource have become critical to helping mortgage lenders assist troubled borrowers, return vacant properties to use, and maximize profitability. Prior to starting Default Resource, Calderon was a nationally-ranked Realtor in Metropolitan New York.
Calderon and Default Resource are active participants in Autism Speaks, which raises funds to raise awareness about autism; The Arc of Frederick County, which helps individuals with developmental and intellectual disabilities attain their goals; and other local and national charities including American Cancer Society, Special Olympics, Make-A-Wish and others. Calderon also serves on the Frederick County Government Affordable Housing Council and Business Advisory Council.
“I am deeply humbled and thankful to receive this honor,” Calderon said. “The team at Default Resource deserves the credit, as I believe this honor reflects what we have accomplished together as a successful organization and as contributing members of the community.”
Default Resource and MSI Partner on Distressed Property Management Solutions
April 19th, 2011
posted by admin
Default Resource, a provider of real estate-owned (REO) management, valuation and loss mitigation services, has announced a strategic partnership with Mortgage Specialists International (MSI), a property preservation, field services and hazard claims provider. MSI offers a full spectrum of customized property preservation, inspection and hazard recovery services in all 50 states while maintaining strict compliance with HUD or other investor and agency regulations. Along with its existing business lines for managing troubled assets, the strategic partnership with MSI enables Default Resource to provide a complete suite of best-in-class products and services for managing distressed property.
“Our business model is built around exceeding customer expectations throughout the default process,” said Default Resource Executive Vice President James Zeldin. “Protecting the health of distressed properties—and by extension, their values—is not only a critical need for our clients, but also essential to the recovery of local neighborhoods across the country. When it comes to asset protection, MSI has earned a reputation for providing an unparalleled level of quality and responsiveness. We are delighted to be working together.”
“Teaming up with Default Resource was an easy decision for us since we both place quality and service above everything else,” said MSI President and Chief Execuitve Officer Jim Shivers. “This relationship gives us the opportunity to have an even greater impact toward preserving homes nationwide and aiding in the real estate market’s recovery. It is a perfect fit.”
Default Resource, a provider of real estate-owned (REO) management, valuation and loss mitigation services, has announced a strategic partnership with Mortgage Specialists International (MSI), a property preservation, field services and hazard claims provider. MSI offers a full spectrum of customized property preservation, inspection and hazard recovery services in all 50 states while maintaining strict compliance with HUD or other investor and agency regulations. Along with its existing business lines for managing troubled assets, the strategic partnership with MSI enables Default Resource to provide a complete suite of best-in-class products and services for managing distressed property.
“Our business model is built around exceeding customer expectations throughout the default process,” said Default Resource Executive Vice President James Zeldin. “Protecting the health of distressed properties—and by extension, their values—is not only a critical need for our clients, but also essential to the recovery of local neighborhoods across the country. When it comes to asset protection, MSI has earned a reputation for providing an unparalleled level of quality and responsiveness. We are delighted to be working together.”
“Teaming up with Default Resource was an easy decision for us since we both place quality and service above everything else,” said MSI President and Chief Execuitve Officer Jim Shivers. “This relationship gives us the opportunity to have an even greater impact toward preserving homes nationwide and aiding in the real estate market’s recovery. It is a perfect fit.”