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December 2016 - An Eye Toward the Future

DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.

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48 Asset Management Guide SPECIAL ADVERTORIAL SECTION KEY PERSONNEL Matt Martin Chief Executive Officer Matt Slonaker EVP of Business Development and Marketing Steve DiUbaldo Chief Real Estate Officer and President, Real Estate Solutions Mark Hikel President, Outsourced and Origination Solutions Terri Hunter Senior Vice President, Asset Management and Portfolio Oversight NUMBER OF COMPANY EMPLOYEES 300 GEOGRAPHICAL SCOPE AND COVERAGE AREA Chronos Solutions provides comprehensive mortgage origination, servicing and default management services on a nationwide basis. CORPORATE DETAILS: 1199 Belt Line Road, Suite 105, Coppell, TX 75019 | 800.647.1190 sales@chronossolutions.com | chronossolutions.com Chronos Solutions is a technology-enabled service provider for the mortgage and real estate industries. Its customizable transactional and management solutions span the mortgage and real estate lifecycles to foster growth and stability for private sector and government clients, including Federal agencies, top-ranking national and regional lenders, leading mortgage servicers, real estate investment firms, and others. Seasoned executives from leading U.S. financial institutions and real estate management firms fill the company's top leadership positions. COMPANY HISTORY Founded in 2007 by CEO Matt Martin as an asset management contractor for HUD under the name Matt Martin Real Estate Management, the company rebranded as Chronos Solutions in 2015. It grew rapidly yet responsibly, adding nine business units in its first nine years. Recently Chronos acquired RealtyBid.com, a pioneer in expedited selling of bank-owned assets; Cogent Road, a credit, verification and origination business; and Commerce Title and Closing, which became Chronos Title Solutions and launched the company's retail title business. WHAT SETS YOU APART FROM YOUR COMPETITORS Chronos Solutions delivers products and services that consistently minimize costs and maximize returns for its clients. Its unique service model maximizes asset exposure while reducing expenses, ensuring compliance and enhancing net proceeds. Foreclosure assets move from sale to closing and liquidation at record speed, for higher returns. The REO Asset Management team efficiently evaluates properties to produce solid strategies for marketing and managing each purchase negotiation, recommending optimal title and closing processes, and handling remittance of all funds. Benefits include: » Comprehensive management of pre-marketing timelines » Granular management of eviction timelines » Tailored marketing strategies geared to each client's needs » Follow-up negotiation of all junior liens » Resolution of all title defects » Offer negotiation and closings » Defect-free delivery of liquidation proceeds » Accurate, customized real-time status reports provided at every stage of the disposition process KEY DIFFERENTIATORS » Partner network supports client's unique REO asset management requirements. » Cash-for-Keys generates accurate offers and cost analysis based upon local market, regulations, ordinances and history. » Comprehensive eviction management support – from the macro level to individual attorney communications – based on nationwide experience handling large default portfolios. » Chronos Solutions audits vendors to ensure all criteria for REO upkeep and repair are being met. And, for risk mitigation, the company's VendorCheck service enables lenders to monitor vendors for performance, compliance and quality assurance. » Chronos Solutions provides comprehensive title and settlement services in collaboration with clients' preferred partners or the company's own partners. » Chronos Solutions offers a range of valuation hybrids to ensure asset valuations are accurate. » The company's extensive HOA services help minimize the time, cost and redundancies in identifying and curing HOA liens. » Through the company's RealtyBid division, Chronos Solutions' auction services help clients move even the most difficult assets online. » And, finally, Chronos Solutions' Conveyance Check program ensures that each HUD property meets all pertinent pre-foreclosure requirements. WHAT ADDED VALUE DO YOU BRING TO YOUR CLIENTS » Tailored creative solutions » An asset-by-asset evaluation process, resulting in an $8 million increase in asset revenue and four-year monthly performance record on behalf of a top-10 national servicer » Single REO partner model increases control, transparency and efficiency, improving clients' value recoveries and increasing cost savings by more than 15% over other vendors » Accelerated marketing and multiple-service savings through bundled asset management, HOA solutions and title services, enabling servicers to manage costs more effectively WHAT INDUSTRY AWARDS, ACCOLADES, AND MILESTONES HAS YOUR BUSINESS ACHIEVED » Two-time recipient of Inc. magazine's 500/5000 list of the country's fastest-growing privately held firms. » Matt Martin – HousingWire 2016 Rising Star and Vanguard Awards recipient. Member, Young Presidents' Organization. » Terri Hunter - HousingWire 2016 Women of Influence and M Report 2016 Women in Housing honoree BUSINESS LINES, SERVICES, AND PRODUCTS » FundingSuite™ credit reporting and analysis » Income, tax return, employment, asset and SSN verification » Title, closing, recording and settlement services » Flood hazard compliance » Document preparation and recording » AppraisalGuard™ appraisal management system » Appraisals and valuations » Property, ownership and encumbrances reports » Condo Package Retrieval™ and HOA solutions » Lien release and assignments » Trailing documents » Lien, flood and real estate tax monitoring services » HOA risk mitigation » Accelerated asset liquidation and marketing (Auctions) » Short sales/deed-in-lieu » REO asset management and disposition CHRONOS SOLUTIONS

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