Skip to main content

KeyLink Announces the Release of Its REO Management Model

NationalMortgageProfessional.com
Jan 04, 2011

KeyLink Asset Management has announced the release and implementation of a unique asset management model that assigns dual agents to each asset throughout the pre-listing and marketing stages of the real estate-owned (REO) process. In addition, the model contains a “task-based commission structure” that rewards listing agents for high performance and creates income opportunities for servicers in the case of low performance. Dual assignment and task based compensation are both industry firsts. In addition to the Listing Agent, KeyLink assigns a full-time Surveillance Agent to every asset, responsible for weekly reporting on the marketing and maintenance of the property in addition to reporting on the responsiveness and knowledge of the Listing Agent. “The industry has been ready for a far more managed and high touch REO solution for a long time,” said Ty Reed, director of KeyLink Asset Management. “We feel we are well ahead of the curve in that regard.” “Our unique task-based agent compensation structure creates income opportunities for our partners where there were none” said KeyLink Asset Management Senior Managing Director Damien Chiodo “Most importantly, it holds agents accountable and force feeds high performance throughout all stages of the REO timeline.” Currently only servicing a handful of national companies, KeyLink hopes its unique model combined with a high level of performance, will help increase its industry footprint. For more information, visit www.gokeylink.com.  
Mortgage Lenders Expect Profit Margins To Shrink

69% of lenders believe profit margins will decrease in the months ahead, while 19% believe profits will remain the same, and 11% believe profits will increase.

Industry News
Jun 14, 2021
Real Estate Industry Calls To End Eviction Moratorium On June 30, 2021

Expanding the moratorium will only increase levels of debt on renter households and impede the recovery of the housing sector.

Industry News
Jun 14, 2021
Fifth Third Bank Expands Down Payment Assistance Program

The program will provide up to $3,600 towards a down payment for families with low to moderate income.

Industry News
Jun 09, 2021
Filo Mortgage Launches Low-Rate Guarantee

National mortgage lender Filo Mortgage is offering to beat competitors' pricing by $1,000 with its Low-Rate Guarantee.

Industry News
Jun 08, 2021
FAU Index Shows Where Consumers Should Buy Or Rent

Consumers are better off renting in cities like Dallas, Texas

Industry News
Jun 07, 2021
Verus Title Inc. Expands Into Dallas-Fort Worth Texas

Verus plans to take advantage of the Dallas-Fort Worth market before expanding throughout the state.

Community
Jun 07, 2021