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SPECIAL ADVERTORIAL SECTION REO ASSET MANAGEMENT VRM (Vendor Resource Management) Nationwide coverage VRM (VENDOR RESOURCE MANAGEMENT) CORPORATE DETAILS: 4100 International Parkway, Suite 1000 | Carrollton, Texas 75007 | 877.880.7720 VRMCo.com BUSINESS SCOPE: As an REO asset management Pomona, California Regional Office Carrollton, Texas Corporate Headquarters key personnel Keith D. Murray Founder, President, and CEO Cheryl Travis-Crawford Executive Vice President Effie Booker-Dennison SVP, Strategic Development corpor ate profile BUSINESS LINES/SERVICES: » » » » » » » » » Asset Management and Sales Closing and Title Services Property Inspections Offer and Negotiation Eviction Services Property Preservation Short Sale Services Rental Management Commercial Management Services CLIENTS SERVICED: » » » » » 80 Top-Ten Banks Mid-Tier Lenders Mid-Tier Servicers Private Investors Government Agencies COMPETITIVE ADVANTAGE: The aspects of VRM's company, VRM (Vendor Resource Management) combines process, technology, and services to reduce market time while minimizing loss severity and stabilizing communities. As an REO outsourcer, VRM has managed and sold over 400,000 assets in the last seven years. However, the company had much more to offer the industry and evolved into a full-service solution provider. VRM has expanded its offerings to include solutions for the entire servicing spectrum, from traditional servicing support to complex default servicing functions. "We're not just an REO asset management company anymore" is VRM's new corporate message. In 2012, VRM launched a commercial REO management and disposition business line, with plans to offer commercial property preservation in early 2013. With the addition of a government agency and several other new clients, the company added property preservation to its residential services as well as servicing and origination. And, as with its original REO asset management services, VRM says it continues to outperform client expectations. work stand out as competitive differentiators in today's marketplace. What many of its competitors pay lip service to is part of the culture at VRM: performance, quality, and turn-time. At the end of the day, the company understands that this high-performance culture is what enables everything downstream and why the company continues to grow in a shrinking market. COMPANY HISTORY: VRM, a certified minority-owned business, was founded in 2006 when its leadership anticipated what was soon to be an escalating need within the industry to manage lenders' and investors' growing portfolios of foreclosed homes. When VRM opened its doors for the first time, it had just five employees. But it was from that handful of team members that the foundation on which the company is built took form: A commitment to not just meeting, but exceeding performance goals and client expectations. VRM's first client contract came before the market's meltdown, when one of the GSEs selected the company to manage its REO disposition services. Because of its strong commitment to high performance levels and its ability to easily adapt to market needs, VRM grew rapidly, taking on more projects, more clients, and a larger, more expansive role within the industry. ADDED VALUE: Illustrating the tangible, bottom-line results the company's performance and focus can have, VRM cites an example of a current client engagement. Through their ability to dramatically reduce their clients' turn times, VRM was able to shave, in aggregate, 84 days off the disposition process. With a holding cost of $30-$50 a day for the number of properties marketed, the company's performance resulted in net savings for the client of about $6.4 million. 2013 GOALS: Looking toward the coming year, VRM plans to continue expanding the scope and breadth of its business lines in origination, servicing and default. However, the company remains dedicated to remaining flexible enough to adapt their solutions to client needs and changing market demands. The company's 2013 strategy—and one it's seen success with already—is to use core competencies and reshape or rethink the way it comes to the market as that market continually changes. CONTACT INFO: Effie Dennison SVP, Strategic Development edennison@vrmco.com 877.880.7720