NATIONWIDE DEFAULT INDUSTRY ASSOCIATION HOLDS SPRING CONFERENCE

REOMAC® Members Gather to Discuss Current Real Estate and Default Market

REOMAC, the premier not-for-profit trade association serving the mortgage default industry nationwide, will hold its Spring Conference, “Building Tomorrow’s Destiny Today,” April 5-9 at the Renaissance Esmeralda Resort and Spa located at 40-4000 Indian Wells Lane in Indian Wells, Calif. Over 2,000 default industry professionals from throughout the United States will come together to participate in this five-day event, which provides educational workshops highlighting timely industry concerns affecting day-to-day operations, and evaluation of current and prospective legislative issues facing default professionals.

“This year’s spring conference will be full of outstanding educational classes,” said Shelley Kaye, REOMAC president. “Our members are facing daily changes within the current real estate market, and the sessions and speakers at this year’s conference offer knowledge and strategies for success within the market.”

An event highlight will be the seminar lead by nationally-renowned economist Christopher Thornberg. “What Was, What Is, and What is To Come” will talk about how the real estate market transitioned into the current state. Additionally, Thornberg will discuss his forecast for the future.

The conference’s primary focus is on education and learning to adapt within the changing market. REOMAC will host profession-specific sessions for lenders, outsourcers, attorneys, title agents and brokers. Additionally, other presentations and workshops by leading experts will provide the latest insight about a variety of topics, including:

“The Lost Mitigation Evolution” – Industry experts from Freddie Mac, Fannie Mae and the servicing community discuss the evolution of loss mitigation.

“The Time is Now” – A panel of distinguished bankruptcy court Judges share recent cases and legislation rocking the mortgage industry.

“REO 101” – Basics of handling REO properties, including the valuations, utilities, cash-for-keys, and property maintenance.

“California Update: A View from the Inside” – Discussion of current California market and how professionals in the state can adapt with the change. Additionally, this session will cover nationwide legislation updates.

“Repairs and Rehab” – Explore the ongoing question of whether REO properties should be repaired or rehabilitated and to what extent.

“Managing the Surge: Default to Foreclosure” – Learn how collection efforts have changed, the use of short sales, foreclosure time line management, the use of technology, communication, and how to deal with rescission jurisdictions.

REOMAC has also secured former NFL player and Super Bowl winner Rocky Bleier as keynote speaker. Bleier’s speaking engagement will offer attendees motivation and inspiration during times of change and difficulty.

To learn more about the REOMAC conference or to register, please visit www.REOMAC.com.

About REOMAC

Founded in 1985, REOMAC® is the premier not-for-profit trade association serving the mortgage default servicing industry nationwide. Dedicated to providing members with unparalleled education and networking opportunities, REOMAC is committed to delivering timely information that members can put to practical use to mitigate losses on defaulted mortgage loans; provide ancillary services to lenders and servicers; or help manage, market, maintain, sell and ultimately dispose of non-performing real estate assets. REOMAC is currently the only not-for-profit association that permits membership from all professions within the default industry, and it’s nearly 1,400 members hail from diverse professions including mortgage lenders, servicers, attorneys, title representatives, asset management outsourcers, real estate brokers, and a wide variety of associated vendors. By building bridges across these professions, REOMAC provides its members with a unique multi-faceted perspective of the default industry, and lends a comprehensive perspective on developing trends, and an advanced understanding of how they will affect the industry as a whole. To learn more about REOMAC, please visit www.REOMAC.com.