BofA’s new short sale and REO czar

In an effort to improve the wait times for the short sale approval process, Bank of America has named a new executive in charge of short sales and REOs.  From the press release: CALABASAS, Calif. – Matt Vernon, a 15-year veteran of the financial industry, has been named short sale and real estate owned (REO) executive for Bank of America Home Loans, moving to the loan servicing division from roles in the bank’s residential mortgage origination business.
 
In his new position, Vernon will develop and implement initiatives to manage and streamline the bank’s efforts to use short sales and other property liquidation tools to prevent foreclosures and oversee the management and marketing of properties in the bank’s real estate owned portfolio.

I guess it can’t hurt.

See the entire press release here: Matt Vernon Focuses on Efficient Service in New Role of Short Sale and REO Executive for Bank of America Home Loans

About Guy Johnson

I am a licensed Nevada REALTOR® living and working in Reno, Nevada. Give me a call at 775-722-4011. My team and I will be happy to assist you with your real estate needs.
This entry was posted in Foreclosures, News and tagged . Bookmark the permalink.

3 Responses to BofA’s new short sale and REO czar

  1. wow says:

    I can’t believe it took them this long to create the position.

  2. inclinejj says:

    Great put a guy in charge of short sales and REO’s that was in charge of new loan production.

    Nothing like promoting from within the REO/Short Sle Dept..

    Great Move BOFA…NOT!!!!

  3. billddrummer says:

    He’s got a lot of work to do, considering the Countrywide portfolio is under his purview.

    I wish him the best of luck, and hope he gets some bonus money.

Leave a Reply