Become A Client/Partner

Minimizing Client Risk in an Inherently Risky Business

Outsourcing is a means for risk-adverse investors (lenders and acquirers) not only to assure that their assets are competently managed, but additionally to shift to a professional asset manager the substantial business risks associated with operational fixed assets when managing self-liquidating assets and with loss from error or negligence in performing services requiring highly technical, real estate and legal expertise.

Successful REO Outsource relationships don't simply materialize as soon as, or because, a contract has been signed. Successful outsource relationships depend upon: Trust, Clearly Defined and Measurable Performance Standards (Indicators of Performance), Experience/Credentials, Empowerment via aggressive and realistic delegations of authority, Management Support, Audit, and a commitment to continuous process improvement.

Paradigm strives to offer and implement proven loss minimization strategies that have been successfully deployed for almost 40 years, and seeks to eliminate the primary inefficiencies of the REO market. Pricing is the single largest controllable factor in determining a client's net recovery on the sale of REO!

Certainty–Liquidity–Velocity—Our Commitment to Clients

Paradigm recognizes at least three (3) distinct client profiles. Accordingly, we offer unique reporting and service guidelines, all with the same net goal: optimization of each asset’s market value. Paradigm offers. The bottom line is superb residential real estate service and advice.

Lender-Owned (REO) for mortgage servicers and risk holders;

Government Agencies As a “Standby Servicer” for government entities such as the FDIC, we offer a package of services and products to assist in the assimilation, management and consolidation of property management and disposition services on short notice until government contracting provisions can be met. Our asset teams are prepared to assist with bank closings and to provide custodial documentation reports as well as responding to offers and assist with closings so that no transaction is lost. Paradigm can also easily transition into the “outsourcing partner” of choice given its commitment to diversity as demonstrated through its broker-agent population.

Portfolio Acquirers Non-traditional (secondary) owners invested at a discount percentage of book value generally desire and direct more immediate sales channels to monetize asset purchases quickly. Paradigm has a unique set of marketing approaches developed during the days of the FSLIC Resolution Fund and The Resolution Trust Corporation.

Nexecution

Paradigm has perfected its patent pending "nexecution" strategy which allows for the determination of the exact price point for the next available sale of any given neighborhood (assuming a certain minimal level of sales activity determined by the size of the neighborhood). "Nexecution" should be a particular interest to acquirers of discounted REO pools requiring certainty, liquidity and velocity.

Toward Determining Our Fit

If you don't trust us--our business ethics, experience and credentials then we are not a good fit. DON'T HIRE US.

In the alternative, if you believe that Paradigm is committed to your goals and professionally capable of executing and administering necessary action plans to achieve those goals, then we have a firm basis to create a successful partnership.

We expect that our clients commit, as we do, to specific time frames for certain routine transactions which may exceed levels of delegated authority. Moreover, we require an official Escalation Matrix identifying next level and substitute decision makers.

Real estate is, above all else a time sensitive business. Every REO property competes with every other REO, relocation or homeowner property. Nothing speaks more powerfully to our broker-partners than timely responses to critical matters.

If the selection of the local REO broker is, in fact, the single most important determinant of the success of an individual REO execution, then such decision should be determined only by the senior management of the client or outsourcer. At Paradigm Default Services, LLC, broker-partner approvals, assignments, assignment levels, re-activations and de-activations can only be approved by three of the highest level employees. Even Senior Asset Managers cannot add or remove broker-partners. In this manner, Paradigm believes that enterprise level goals are best achieved free of vendor influence and thereby practically eliminating many of the bases for conflicts of interest in competing organizations.

Paradigm offers the complete range of REO asset management services replicating, expanding upon, and enhancing the client's own internal departments and scope of services starting from initial asset assignment until the delivery of cash proceeds at asset liquidation.

Moreover, clients can be assured of full compliance with applicable real estate laws and disclosures. All Paradigm Asset Managers are licensed and direct the work of our local broker-partners thereby reflecting a common knowledge and experience base which accelerates asset dispositions while prudently managing and minimizing risks associated with real property sales.

Red Adair is right! Hiring professionals is the way to go!