PDS Blog
As many of our readers know, Paradigm Default Services (PDS) is an agent-centric default servicing (asset management) business model. The goal of PDS is to “shift” with the new market, putting a heavy emphasis on the knowledge and expertise of the local real estate professional. Is that to say that we assume every REO specialist has the best interest and training in mind when it comes to valuation? Absolutely not.
For this reason Paradigm Default Systems has been implemented. PDSystems, formerly NFSTI, is an REO training and resources division of PDS. Our business model has the inexperienced REO specialist in mind for a very specific reason. First, as many quality agents around the country are finding out, the REO industry is in “lockdown” after a tsunami of licensed agents discovered this niche and began registering for new REO business online in droves. The initial problem here was that the asset management companies around the world weren’t ready for this influx of agents and had very little in the way of quality assurance when selecting each agent for new business.
PDS realizes that much of the untapped portion of the real estate agent pool contains great potential. Needless to say, these inexperienced REO agents are hungry, eager, excited, and ready to learn. PDS has taken on the initiative of pro-active REO education which will be required of all new agent-vendors prior to receiving listing assignments. Ongoing coaching will soon be made available to the agent-vendor staff, allowing for easy access to experienced leaders in the industry who can quickly offer insight and guidance.
Filed under: Uncategorized | Tagged: asset, bailout, bank, BPO, default, foreclosure, lender, management, nfsti, paradigm, REO
