SAM News
Mike Nelson Joins Special Asset Management As President And Chief Operating Officer
02/24/2010: Staff Reporter
Saratoga Springs, NY, February 24, 2010—Michael Nelson, a long-time leader in the mortgage industry, has joined Special Asset Management (SAM) as its President and Chief Operating Officer, SAM CEO Michael Dean announced today.
“With Mike Nelson’s expertise added to that of our existing executive team, SAM is now poised to be the national leader in distressed property sales”, Dean remarked. “Mike is bringing his knowledge and managerial skills to our clients at the most critical time in the real estate industry’s history.”
Founded in 2002, Special Asset Managementlinks financial institutions, real estate professionals, homeowners and communities in finding alternatives to foreclosures and in selling foreclosed properties to new owners. With the numbers of jeopardized mortgage loans and bank foreclosures at record heights, government agencies and major loan servicers are increasingly turning to companies such as SAM to provide foreclosure avoidance solutions and lessen the impact of distressed properties in neighborhoods.
Mike Nelson comes to SAM after a 30-year mortgage industry career that includes management positions in both Freddie Mac and Fannie Mae, as well as in financial services and technology-focused consultancies. Nelson has received particular recognition in the financial industry for his ground-breaking efforts in mortgage delinquent loan management and in establishing accurate performance metrics. As a consultant, he was intricately involved in implementing the Home Affordable Modification Program, and in the scoping, managing and delivery of strategic and operational solutions within the secondary mortgage market. Nelson is a graduate of Virginia Polytechnic Institute (BS, Accounting), and will work out of SAM ‘s Washington, DC offices.
“Joining SAM brings me to the forefront of the solutions side to the mortgage industry, which is where I believe I can have the greatest impact”, Nelson said. “There are many challenges ahead, but SAM is best positioned to help all of the involved parties—homeowners, lenders and communities.”
Special Asset Management is based in Saratoga Springs, New York. For additional information on SAM, visit the corporate web site, www.specialam.com .
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Mike Nelson Joins Special Asset Management As President And Chief Operating Officer
02/24/2010: Staff Reporter
Saratoga Springs, NY, February 24, 2010—Michael Nelson, a long-time leader in the mortgage industry, has joined Special Asset Management (SAM) as its President and Chief Operating Officer, SAM CEO Michael Dean announced today.
“With Mike Nelson’s expertise added to that of our existing executive team, SAM is now poised to be the national leader in distressed property sales”, Dean remarked. “Mike is bringing his knowledge and managerial skills to our clients at the most critical time in the real estate industry’s history.”
Founded in 2002, Special Asset Managementlinks financial institutions, real estate professionals, homeowners and communities in finding alternatives to foreclosures and in selling foreclosed properties to new owners. With the numbers of jeopardized mortgage loans and bank foreclosures at record heights, government agencies and major loan servicers are increasingly turning to companies such as SAM to provide foreclosure avoidance solutions and lessen the impact of distressed properties in neighborhoods.
Mike Nelson comes to SAM after a 30-year mortgage industry career that includes management positions in both Freddie Mac and Fannie Mae, as well as in financial services and technology-focused consultancies. Nelson has received particular recognition in the financial industry for his ground-breaking efforts in mortgage delinquent loan management and in establishing accurate performance metrics. As a consultant, he was intricately involved in implementing the Home Affordable Modification Program, and in the scoping, managing and delivery of strategic and operational solutions within the secondary mortgage market. Nelson is a graduate of Virginia Polytechnic Institute (BS, Accounting), and will work out of SAM ‘s Washington, DC offices.
“Joining SAM brings me to the forefront of the solutions side to the mortgage industry, which is where I believe I can have the greatest impact”, Nelson said. “There are many challenges ahead, but SAM is best positioned to help all of the involved parties—homeowners, lenders and communities.”
Special Asset Management is based in Saratoga Springs, New York. For additional information on SAM, visit the corporate web site, www.specialam.com .
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