Loss Mitigation Firm Expands Presence into REO Space

Titanium Holdings Inc. is launching a new business unit, Excellen REO, an REO asset management company that offers a suite of services designed to create a customized property liquidation process for each client. The move will help the Fort Mill, S.C.-based Titanium Holdings, a provider of loss mitigation tools and services, expand client relationships and establish new partnerships. Cary Sternberg is president of the new company. With almost 40 years of experience in asset preservation, management and liquidation, Mr. Sternberg is the former senior vice president of the REO department for American Home Loan Servicing Inc. Excellen REO services include pre-marketing, valuations, marketing and sales negotiation, closing and funding and alternative sales methods. The company will leverage a nationwide network of real estate brokers and local eviction attorneys, as well as property preservation companies.