VRM Wins VA Contract
Today HousingWire broke the story on Vendor Resource Management's successful bid on the Veteran Affair's (VA) mortgage servicing contract. The contract, valued at nearly $179 million, includes the servicing of VA mortgages from origination through REO management on north of $1 billion in assets, according to the story.
VRM, a Texas-based minority-owned affiliate of PCV Murcor, has served Freddie Mac as its sole REO asset manager from 2006 until 2011 when the government sponsored enterprise extended contracts to two additional firms. NAWRB is a recognized affiliate and membership partner of VRM. Both organizations will hold training at the upcoming REO Expo: NAWRB's Get Ready, Set, Certify! and a separate VRM U training session.