VRM Mortgage Services Hits Major Milestone: 500K REOs Liquidated

VRM Mortgage Services reports that it recently hit a major milestone, having listed, managed and sold more than 500,000 real estate owned (REO) properties – representing more than $50 billion in asset transactions – since the company was founded eight years ago.

In a release, company officials say VRM beat out other asset management outsourcer competitors in the space, in terms of volume, mainly because of the company's emphasis on supporting local communities and preserving property values.

The company estimates that it has helped more than 1 million people since it was founded in 2006.

‘While we're proud of this major milestone in the company's history, we're even prouder of the positive impact we've had in neighborhoods across the country,’ says Keith D. Murray, founder, president and CEO of VRM Mortgage Services, in a release. ‘For every property we manage, we are helping our clients manage risk and loss severity, hiring local vendors, preserving property values, and injecting business and life back into local communities.’

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