The Midwest REO Association (MRA) – a trade organization that comprises real estate owned (REO) industry professionals – has officially launched.
According to Bryan Lysikowski, CEO of ZVN Properties and a co-founder of the new trade association, the goal of the MRA is to ‘further educate the public, our clients and each other through networking, conferences, and other online and live meetings, and to serve as a clearinghouse of important information about this industry.’
The launch of the new association was announced during the 2014 Five Star Conference under way this week in Dallas, Texas.
According to John Dyer, president of Nova Title Agency and also a co-founder of the MRA, a fundamental shift has taken place in recent months with respect to lenders, servicers and investors wanting to focus on regional, rather than national issues related to foreclosure and the disposition of bank-owned properties.
‘REO professionals who become members of the MRA will be able to better share information and referrals with peers with whom they are not necessarily in competition, but are active in this specific region – a region that still has a significant number of delinquent mortgages and distressed properties,’ Dyer says in a release. ‘Some of the national REO trade associations have lost steam and influence in recent years, mainly because they are not entirely in tune with regional issues, and it is difficult to draw members to events that are clear across the country. The MRA will rectify that situation in the Midwest Region of America.’
‘We expect to recruit strong, proven participants from within the mortgage default servicing industry who share our passion for helping the nation return to a vibrant, healthy economy that is driven by a strong housing market,’ adds Lysikowski.
For more information regarding the Midwest REO Association, contact Lynn Effinger at lynn.effinger@zvnproperties.com or Tiffany Asente at tasente@novatitleagency.com.
