Stewart Lender Services Announces New REO Rental Management Solution

Stewart Lender Services (SLS) has announced the launch of its nationwide rental property management service, Rental Management Solutions, for mortgage lenders, servicers and investors. Rental Management Solutions combines the expertise, knowledge and the on-site presence of a local property manager with the oversight, reporting and professionalism that only a nationwide provider of business services can offer. “Offering a REO rental management program is a natural transition for Stewart, as our REO asset management division, PMH Financial, has been a leader in managing real estate assets for years now,” said Jason Nadeau, president of Stewart Lender Services. “With our REO property management expertise, REO marketing savvy, and knowledge of the local markets, we are able to quickly deploy rental solutions both in overseeing our clients’ existing REO portfolios, as well as with their new REO assets.” Ken Blevins, chief executive officer of PMH Financial, a Stewart company, said, "We are proud to add this service to our clients’ options for managing their REO assets. Now our customers can easily turn their vacant foreclosures into profitable rental properties. Rental Management Solutions is a win-win for all. It addresses pending government programs, offers a compliant rental solution to expediently place qualified renters into vacant homes, helps to alleviate the overhead of managing vacant REO properties, and aids in restoring communities heavily hit by the mortgage crisis.”