Online real estate marketplace Auction.com has announced the hiring of Patrick McClain as SVP of Auction Portfolio Operations, where he will lead the company’s portfolio management team in the initiative to create a “one stop shop” for sellers from onboarding to closing, regardless of disposition type.
The focus of Auction.com’s portfolio operations under McClain’s leadership will be optimizing REO disposition services by establishing enhanced partnerships with third-party vendors, agents, and its clients’ asset management companies.
“Auction.com is the established market leader in real estate sales for financial institutions, servicers and government agencies, and has a long track record of innovation that has delivered a more effective, efficient process for its clients,” McClain said. “I look forward to working with the team to create an even more comprehensive suite of Asset Management products and services that meet our customers' evolving needs.”
McClain brings nearly 20 years of experience working in the Asset Management field, during which time he has managed portfolios of more than 200,000 REO assets. McClain’s previous positions before joining Auction.com include SVP with Atlas Nationwide, overseeing asset management services including marketing, preservation and maintenance, refurbishment, title, HOA, vendor management, and eviction/relocation assistance; and SVP at GMAC Mortgage, where he managed the company’s Enterprise REO group.
“Patrick McClain is well respected for his deep knowledge of the real estate industry and for his ability to drive teams toward exceeding client goals and objectives,” said Javid Jaberi, EVP of Operations for Auction.com. “I’m confident that his impactful leadership style, commitment to excellence, and bias for action will make him a valuable asset to Auction.com and our entire client base.”