News
Default Resource Chooses Equator Tech Platform
October 20th, 2010
posted by kristenm@marktomarket.com
Default Resource, a diversified financial services company offering collateral valuation and inspections, REO management and disposition, comprehensive training, hazard recovery and related services, announced today that it would standardize its Executive Asset Management (EAM) division on a technology platform offered by Equator Financial Solutions, Los Angeles.
“We have known the founders of Equator since its inception,” said Frank Marshall, president of Default Resource. “We respect the company’s leadership and we think they have a good product, so we’re happy to be working with them. We know that a former GSE has been working on migrating to Equator’s software, so it made sense for us to move in that direction as well.”
Equator says its platform is the most versatile and comprehensive system available to manage and sell REO properties. Since EAM is growing and expects to see a jump in business as soon as servicers perfect their loan files and work out any chain-of-title issues, it made sense for the company to make the move to the new platform now.
Mark To Market Execs Tee off for Charity
August 9th, 2010
posted by admin
Executives from both Default Resource and its Mark To Market group were on hand to support The Arc of Frederick County during its 19th Annual Captain’s Choice Golf Scramble at Hollow Creek Golf Club. Net donations for the event exceeded $12,000.
The funds raised through this event will stay in Frederick County and be used to seek creative solutions in assisting individuals with developmental and intellectual disabilities attain their goals.
“It’s a core element of our corporate culture that we give back to the community,” said Default Resource CEO Glen Calderon. “This was a great event and we were proud to participate in it.”
A number of company executives took part in the day’s events, including Frank Marshall, Glen Calderon, Gary Tolbert and Lisa Stines.
Frank Marshall appears on HousingWire.com
August 9th, 2010
posted by admin
When it comes to REO listing agents, it’s not always easy to know what you get in advance. Unfortunately for many banks, some of the agents that are getting their listings aren’t doing all they can to get them sold. Frank Marshall discusses the topic in a recent column on HousingWire.com entitled REO Listing Agents – The Helping Hand That Isn’t Always There.
Trained REO managers in demand now
August 9th, 2010
posted by admin
As the number of REO and foreclosure properties continues to increase, the financial institutions that own these assets must rely on real estate professionals to manage them. Often these institutions do not have the resources to train brokers and agents in REO management. it’s never good to put important assets into the hands of employees without sufficient training.
To address the ever-growing need for professionals who can competently handle REO and foreclosure properties, Default School provides online and traditional training. The courses offered by Default School, a division of Default Resource, Inc., provide a comprehensive approach to REO management, as well as the necessary tools a broker or agent requires to become a successful REO specialist. Lenders, servicers, and GSEs in the REO and foreclosure industry know that the best quality services come only from real estate professionals who are highly trained in REO management.
Brokers and agents who successfully complete the core REO course selection offered by Default School will receive the REO Default Certified Professional designation. With this designation, REO specialists will benefit from a growing business, as the financial institutions benefit from quality REO management. To find out more about how you can earn this important designation, call us or e-mail us today.
Glen Calderon is featured entrepreneur
August 9th, 2010
posted by admin
Each year the Entrepreneur Council of Frederick County (Va.) recognizes some of the area’s most distinguished entrepreneurs. This year, our own Glen Calderon was featured in the Large/Emerging category.
According to the Council, the awards honor owners of Frederick County companies whose ingenuity, hard work and perseverance have created and sustained viable business ventures that contribute to the economic well being of the community. Awards are presented for both emerging (1-5 years) and established (5+ years) businesses.
270 Inc. Business Magazine picked up the story and noted Glen’s belief that “entrepreneurs have the rare ability to clearly see a vision, communicate that vision effectively and coordinate the execution of it to bring that vision to its full potential.”
Frank Marshall podcasts from
June 10th, 2010
posted by kristenm@marktomarket.com
Frank Marshall was on hand for REOExpo in Dallas earlier this year. REOExpo is a new show to the industry. Frank spoke to RGA’s Rick Grant for a podcast from the show.
Frank has since been promoted to president of Default Resource.
This podcast is 2:33 long.