Freddie Mac has announced that it has selected West Valley City, Utah-based Green River Capital and San Diego-based Atlas REO Services to provide sales and disposition support to HomeSteps, the company's real estate sales unit. HomeSteps markets a nationwide selection of Freddie Mac-owned homes through local real estate brokers. Green River Capital and Atlas REO Services are specialty real estate-owned (REO) management and loss mitigation providers for mortgage servicers and other financial services companies.
"Green River Capital and Atlas REO Services have the experience and capacity to enhance HomeSteps' capacity to compete and excel in today's housing market," said Chris Bowden, vice president of HomeSteps. "Their selection underscores our emphasis to work with proven real estate professionals who support our commitment to stabilize communities and be responsible stewards of taxpayer resources."
Both Green River and Atlas REO will support HomeSteps' core sales and disposition functions, such as valuation, market strategy, listing and closing.
"Atlas REO Services is very excited for the opportunity to partner with Freddie Mac in the disposition of their homes," said Gregg Buckley, chief operating officer and co-owner of Atlas REO Services. "We are committed to leveraging our years of expertise and industry leading service to build a long lasting partnership."
"It is an honor to be chosen by Freddie Mac among numerous qualified companies to assist with the disposition of its REO assets," said Christopher West, chief executive officer of Green River Capital. "We look forward to working with such a great company dedicated to maintaining property values and stabilizing communities. Green River Capital's decades of REO asset management experience enables us to support Freddie Mac's efforts and work together toward the industry's recovery."
For more information, visit www.homesteps.com.