Denver, CO – ”Paradigm Default Services, LLC. announced last week that it has initiated REO, third-party servicing designed to serve the needs of clients and investors who are awash in a sea of sub-prime foreclosures nationwide. Paradigm is both an operational platform for handling lender acquired properties and an acquisitions vehicle for synergistic business units closely connected and supportive of its default servicing business. A company spokesman explains that Paradigm is creating a special default servicing unit which will provide “cradle-to-grave” hands-on servicing taking loans from initial default to re-performance or liquidation.”
This was a clip of Paradigm’s press release early last week. Fortunately for us, we were able to forge a relationship with Paradigm prior to their going public. Tom DiMercurio, the owner of Paradigm Default Services, is a long-time acquaintance of Dan Waterman, CEO & Instructor of NFSTI. Both Mr. DiMercurio and Mr. Waterman have seen a need for change in REO after their “in the trenches” attitude towards research. By increasing the quality of work on both the servicer side and the broker side of the business, it is possible to curtail this seemingly endless road of foreclosure.
To understand more about what Paradigm Default Services has to offer, please visit their site at: http://www.paradigmdefaultservices.com.
