Stewart Lender Services Introduces REO Asset Management Division
By: Brittany Dunn
Stewart Asset Recovery (STAR), a full-service REO asset management and disposition provider, was recently launched by Stewart Lender Services (SLS), the wholly owned subsidiary of Stewart Title Company.
Based in Irvine, California, STAR is a division of Stewart Default Services and is led by Michael Harris, president of the division with more than 15 years experience within the financing, mortgage servicing, and government industries.
“STAR has nationwide coverage, advanced technology and extensive real estate expertise,” said Tom Paschen, president of Stewart Default Services.
“We are excited to have Michael lead our national REO recovery business. He has a wealth of experience and a diversified marketing and management background that is beneficial for our clients and Stewart.”
Offering a full suite of asset management solutions, STAR specializes in the marketing and management of real estate portfolios owned by mortgage lenders, investment bankers, government agencies, and other financial institutions. Through prompts loss recovery and timely liquidation of non-performing assets, STAR is intended to serve as a flexible resource for lenders and servicers seeking asset management assistance.
“We’re different from other providers in this space,” Harris said. “We operate on one system to manage workflow, we have an extensive measurement and reporting process, and we work very closely with our clients to tailor our services to their particular business requirements.”
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