Mortgage-industry association REOMAC has been renamed the National Association of Default Professionals (NADP) to more accurately reflect the organization’s charter as well as better identify with the professionals and companies that comprise the association’s membership.
The new branding was unveiled at the association’s annual summit in Denver by association president Mark Paniccia. In his address to the audience, he noted that “this is the natural evolution of REOMAC and better reflects the organization’s mission of promoting the success of professionals and organizations across the full spectrum of the real estate default services industry.”
REOMAC, founded in 1985 as a California-based organization on various aspects of REO, has grown over the past 36 years to become national in scope and provide education for industry professionals in all aspects of mortgage default servicing – from delinquency and default through foreclosure sales and REO disposition.
“REOMAC built a legacy as the premier education and networking organization in the industry – first in the REO space, but more recently across the entire default services ecosystem,” says Rick Sharga, a NADP board member and RealtyTrac’s executive vice president. “The new name – the National Association of Default Professionals – is a more accurate representation of the current membership, and of the market the organization will continue to serve.”