Virginia Beach, Oct. 25, 2011 (GLOBE NEWSWIRE) -- reQuire, LLC, the largest release tracking company in the country, announced today that John Contreras has joined reQuire release tracking as vice president of business development.
reQuire Release Tracking currently has over 1,200 customers in 32 states, the Virgin Islands, and the District of Columbia. With more than 140,000 transactions added to reQuire’s database in 2010, the company employs 52 team members and reports a three-year revenue growth of 32%.
As reQuire continues to expand, John is responsible for new projects, joint ventures, acquisitions, and selling the reQuire line of products and services to lenders and title agents nationally. His background includes more than 20 years of experience in the national title insurance industry serving the home equity, first mortgage refinance, loan modifications, and REO markets.
"I am so excited to be working in the title industry in a new way by bringing them a truly valuable solution in mitigating risk. Risk, compliance and organizational efficiency are on the top of C level agenda every day," says Contreras.
Prior to joining reQuire, John worked for National Closing Solutions (NCS), and managed national sales for Service Link, Commonwealth/LandAmerica and Fidelity Title. John has personally been responsible for selling over 100 million dollars in title premiums since 2001.
John earned a BA in Speech Communications from California State University Long Beach. He is an avid runner and surfer.
About reQuire, LLC
reQuire is the leading lien release tracking and reporting service in the real estate settlement services industry. Its primary customers are companies performing real estate settlements and disbursing payoff funds to satisfy lien requirements. reQuire’s core value proposition is to help settlement companies and attorneys improve operations and increase profitability by providing a "no-cost" solution for effectively tracking and reporting the release of liens.
reQuire provides a unique solution to the epidemic problem in the industry related to unreleased deeds of trust. The lack of lenders statutory compliance and the inconsistencies in lien release-reconveyance methods among states and courthouses has created an ongoing and costly problem for settlement agents in tracking and reporting the release of property liens. Settlement agents are burdened with the task of file cleanup many months after a transaction has been closed. reQuire’s Internet-based release tracking services (www.titletracking.com) relieves this burden from the attorney or settlement agent and allows them to spend their time on more profitable revenue generating tasks. Furthermore, it ensures the lenders comply with statutory requirements.