SafeHaus Asset Management LLC has announced its opening in Denver, Colorado. Samuel C. Smith will be responsible for operations, acting as the company’s COO. Claudia A. Smith
will also be joining the company’s roster, serving as EVP of operations. Both Sam and Claudia Smith previously managed REO portfolios during their 10-plus year tenure with Matrix Asset Management and First American REO Servicing.
SafeHaus is a full-service default outsourcing company for the liquidation of non-performing assets. With its headquarters centrally located in the heart of the Rocky Mountain region, the company is focused on providing high-touch asset management services to mortgage lenders, servicers, and investors, both public and private.
The scope of SafeHaus’ service couples pre-foreclosure/loss mitigation management with the property recovery, maintenance and disposition techniques of an REO liquidation platform. Recognizing present business opportunities resulting from record-high default and foreclosure rates throughout the nation, SafeHaus has assembled experienced real estate owned (REO) veterans from the industry to lead its teams.
According to SafeHaus, the current inventory of REO and default properties exceeds lenders’, servicers’, investors’, and even outsourcers’ capacity and ability to effectively manage these assets. The high-touch approach to SafeHaus’ services is intended to fill a distinct need for those clients looking for intimate service, the company said.
Author: Carrie Bay
• Date: 12/29/2008