Stewart Lender Services Launches REO Rental Management Solutions
Turnkey program assists mortgage lenders, servicers and investors to transform vacant assets into tenant-filled properties
HOUSTON (Feb. 13, 2012) – Stewart Lender Services (SLS), a wholly owned subsidiary of Stewart Title Company, now provides a nationwide rental property management service, Rental Management Solutions, for mortgage lenders, servicers and investors.
Rental Management Solutions combines the expertise, knowledge and the on-site presence of a local property manager with the oversight, reporting and professionalism that only a nationwide provider of business services can offer.
"Offering a REO rental management program is a natural transition for Stewart, as our REO asset management division, PMH Financial, has been a leader in managing real estate assets for years now," said Jason Nadeau, president of Stewart Lender Services. "With our REO property management expertise, REO marketing savvy, and knowledge of the local markets, we are able to quickly deploy rental solutions both in overseeing our clients’ existing REO portfolios, as well as with their new REO assets."
"We are proud to add this service to our clients' options for managing their REO assets. Now our customers can easily turn their vacant foreclosures into profitable rental properties," said Ken Blevins, CEO of PMH Financial, a Stewart company. "Rental Management Solutions is a win-win for all. It addresses pending government programs, offers a compliant rental solution to expediently place qualified renters into vacant homes, helps to alleviate the overhead of managing vacant REO properties, and aids in restoring communities heavily hit by the mortgage crisis."
About Stewart Lender Services
Stewart Lenders Services (SLS), a wholly owned subsidiary of Stewart Title Company, is a nationwide provider of centralized origination, loss mitigation and REO asset solutions for mortgage lenders and servicers. With more than a century of experience matched with the industry’s leading technologies, SLS helps lenders and servicers meet the rapidly changing demands of today’s market. SLS has the agility, industry knowledge and proven track record to perform throughout the lifecycle of a loan. Stewart Lender Services includes the industry-leading subsidiary PMH Financial, LLC. More information can be found at http://www.stewartlenderservices.com.
Stewart Title Company is a wholly owned subsidiary of Stewart Information Services Corp. (NYSE-STC), a customer-driven, technology-enabled, strategically competitive, real estate information, title insurance and transaction management company. Stewart provides title insurance and related information services required for settlement by the real estate and mortgage industries throughout the United States and international markets. Stewart also provides lender services, automated county clerk land records, property information reports, background checks and expertise in tax-deferred exchanges. More information can be found at http://www.stewart.com, or by visiting the Stewart blog at http://blog.stewart.com, following Stewart on Twitter @stewarttitleco, becoming a member of the Stewart Title group on LinkedIn, or liking Stewart on Facebook at http://www.facebook.com/StewartTitleCo.