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Jim Park

Former MBA Leadership Forms Mortgage Collaborative

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Four industry leaders have announced the formation of The Mortgage Collaborative, a cooperative designed to empower its member mortgage companies to compete more effectively in today’s shifting lending environment. Former Mortgage Bankers Association (MBA) chairmen John Robbins, CMB and David Kittle, CMB, as well as Gary Acosta, CEO of the National Association of Hispanic Real Estate Professionals (NAHREP) and Jim Park, former chair of the Asian Real Estate Association of America (AAREA) are the founders of The Mortgage Collaborative, based in San Diego, California.Click to continue

New Vista Asset Management names Ivan Choi national default sales executive

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San Diego-based New Vista Asset Management, a Certified Minority Business Enterprise and a nationwide provider of real estate-owned (REO) asset management services, has named foreclosure industry veteran Ivan Choi as the company’s national default sales executive. Choi currently serves as president of REOMAC, a national non-profit trade association of mortgage servicing executives, asset managers, foreclosure attorneys and real estate brokers.Click to continue

New Vista's multicultural broker network tops $1 billion in foreclosure sales

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New Vista Asset Management, the San Diego-based minority-owned firm, has announced that it has sold 8,146 foreclosed properties totaling $1 billion in sales through its national real estate broker network. Sixty-six percent of the listings were marketed and sold by multicultural brokers that are a central focus of the company’s strategy. “Our sales results reflect New Vista’s commitment to providing access to REO listings to minority brokers and service to the minority community,” said Gary Acosta, the company’s chairman.Click to continue