VRM Mortgage Services announced that it has listed, managed, and sold over 500,000 REO properties since the company was founded eight years ago. According to company officials, the volume is more than any other asset management company over the same period, and stems from VRM's emphasis on supporting local communities and preserving property values.
Founded in 2006, VRM Mortgage Services is the largest provider of complete, end-to-end asset management services in the mortgage industry.
"While we're proud of this major milestone in the company's history, we're even prouder of the positive impact we've had in neighborhoods across the country," said Keith D. Murray, founder, president, and CEO of VRM Mortgage Services. "For every property we manage, we are helping our clients manage risk and loss severity, hiring local vendors, preserving property values, and injecting business and life back into local communities."
Murray attributed the 500,000 properties milestone to the experience of the company's staff.
"Since launching VRM Mortgage Services, I have seen many outsourcers enter the REO business because they saw an attractive market opportunity," Murray added. "Yet when it came to expertise, technology and commitment to service, we've been unmatched. Not only did we place our clients' needs before anything else, we were able to execute."