""Loan Resolution Corporation"":http://www.LoanResolution.com announced Tuesday that the company is adding 100 positions this month to meet the marketplace's growing demand for short sales â€" demand that is expected to intensify even further[IMAGE]when the government's Home Affordable Foreclosure Alternatives (HAFA) program takes effect in April and short sales become a mandate in servicers' waterfall of loss mitigation options.
The Scottsdale, Arizona-based pre-foreclosure asset management company says the additional 100 full-time positions are necessary to meet its unprecedented growth as short sales and deeds-in-lieu take hold as viable alternatives to foreclosure. The new positions range from
[COLUMN_BREAK]executive positions, including SVP of default to entry-level positions such as solutions specialists, processors, and asset managers.
""Our company is experiencing explosive growth to meet the needs of mortgage servicers,"" said Travis Hamel Olsen, COO of Loan Resolution Corporation. ""We are working with multiple top-five servicers to assist them in reducing the blight of foreclosures in our neighborhoods across America.""
A tremendous increase in short sales is expected when HAFA is put into place on April 5, and the government requires servicers to consider a short sale for all Home Affordable Modification Program (HAMP) applicants that don't qualify for a loan restructuring.
With unemployment rates in Arizona exceeding 9 percent, Loan Resolution Corporation is one of the fastest-growing companies in a state that has been battered by the real estate collapse. When the new positions are filled, the firm will have 170 employees in its Scottsdale headquarters.
Founded in 2005, Loan Resolution Corporation offers a variety of loss mitigation and default services, with short sales being its core competency. The company says it pioneered the proactive approach to short sales, and offers HAFA and other pre-approved short sale programs to help servicers increase resolutions and minimize costs.