REOMAC PRESIDENT SHARES 2009 INITIATIVES

National Default Association’s Leadership Strives to Enhance Educational Offerings and Address Members’ Needs

REOMAC®, the premier not-for-profit trade association serving the mortgage default industry nationwide, recently named Shelley Kaye as president for the second year in a row. Kaye and her board are excited to share their initiatives for 2009. During the next year, REOMAC will dedicate time and energy to enhancing education, staying abreast of legislation, and increasing member benefits.

“In an effort to continue the momentum from last year, we want to expand educational alternatives and offer other new member benefits and move forward. REOMAC plans to stay on the cutting edge of the default industry through emphasis on education and exploring opportunities to grow.”
– Shelley Kaye, President, REOMAC

In an interview, Kaye can expand on the following key initiatives for REOMAC:

Address Member & Industry Needs: The number of foreclosures and REO properties continue to grow every day. In order to meet the needs of the industry and consumers alike, REOMAC has developed a new committee. The Commercial Real Estate Committee will help REOMAC better serve the private sector of the default industry. In addition, REOMAC will monitor the industry and develop other committees and groups as needed.

Staying Abreast of Legislation: With the mortgage default industry constantly changing, Kaye feels it is important to remain up-to-date on new legislation. REOMAC members are vital in the default industry with knowledge and ideas that could assist legislative actions. Along with the board, Kaye will keep an eye on legislation and regulations that may affect its members.

Implement Online Education Programs –REOMAC members are busy, hardworking default professionals. However, Kaye recognizes the need and desire for continuing education. Online education and webinars will provide more opportunities for these professionals to grow and stay up-to-date on current trends

Kaye is currently serving her sixth year on the REOMAC Board of Directors. Previously, she has served as secretary, treasurer and sponsor chair. Kaye also holds a position with InSource Financial Services, LLC. She has been a licensed REALTOR® for more than 20 years, and prior to entering the mort¬gage banking field, sold residential properties in South¬ern California.

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 more than 1,500 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.

To learn more about REOMAC, please visit www.REOMAC.com. For interviews with REOMAC experts, or with other media inquiries, contact Sarah Unke at 714-573-0899 ext. 36.