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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.  
Published
Jan 04, 2011
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