COLMAR, Pa. and DALLAS, March 12, 2013 (GLOBE NEWSWIRE) -- Keystone Asset Management and the Five Star Institute jointly announced today the integration of their respective agent/broker networks to support the burgeoning residential short sale market. The partnership between the two organizations is designed to expedite the placement and execution of short sale transactions for mortgage lenders, servicers, private investors, and government agencies.
"This is an important and strategic development for Keystone as we continue to provide innovative solutions for the management and liquidation of real estate assets," said Jane Hennessy, president and CEO of Keystone Asset Management. "Lenders and servicers across the country are turning to short sales for loss mitigation more and more frequently, and they need highly skilled and qualified partners to effectively carry out these multifaceted transactions. We are pleased to grow our pool of readily available agents who can deliver on this need with integrity and success."
Keystone currently has a network of about 5,000 agents and brokers. Its affiliation with the Five Star Institute's Federation of REO Certified Experts (FORCE) will increase the size of Keystone's available network by approximately 1,000 agents and brokers who are specially trained and certified to work closely with asset managers, sellers, and buyers to successfully facilitate short sale transactions.
Ed Delgado, CEO and president of the Five Star Institute, said, "As our nation's housing markets continue to heal and rebuild, it's important to ensure the industry and other stakeholders are putting forth solutions that truly reinforce and advance the recovery. Five Star recognizes the significance of this and we are constantly seeking opportunities that directly support our membership base and their efforts to revitalize their own local communities. Keystone shares this same ideology—it's evident in the work they do every day, and that's what makes this partnership so compelling."
Delgado added, "It's this type of collaboration between industry leaders that will drive progress in today's marketplace and position the mortgage and real estate industries for a better tomorrow."
About Keystone Asset Management
Since 1995, leading banks, mortgage companies and loan servicers have partnered with Keystone Asset Management for innovative solutions and quality of service with respect to the services offered in default mortgage. These services include Property Valuation & Analysis, Pre-Foreclosure Management, Short Sale Component Servicing, and REO & Property Management. Its commitment to partnership philosophies, internal and external training, goal incented management processes, and transparent technologies has ensured Keystone remains an industry leader in the default marketplace. Hallmarks of service include: Client-centric innovative solutions, reduced costs and loss severities, and customized reporting capabilities. For additional information, visit www.KeystoneBest.com or call (267) 308-9114.
About the Five Star Institute
The Five Star Institute is a publishing, communications, marketing, event planning, and feature film production company. The Institute hosts the largest mortgage-related event in the United States—the Five Star Conference and Expo. Among its many publications are DS News, the only professional journal in the country dedicated solely to default servicing, and MReport, a B2B trade publication serving the broader mortgage field. The Federation of REO Certified Experts (FORCE) is an elite network of Five Star-certified agents and brokers who are professionally trained and committed to ongoing education in the best practices of distressed property sales. Additional information about the Five Star Institute's many business-building opportunities can be found at www.TheFiveStar.com.