National default industry association announces board of directors

SACRAMENTO, Calif.— REOMAC®, the premier not-for-profit trade association serving the mortgage default industry nationwide, announced its board of directors for 2009. REOMAC re-elected Shelley Kaye as president of the organization and named the following additional members to the executive committee:Beatrice Davis, vice president; Benton Neese, vice president;Kathy Jeffers-Volk, treasurer; andDonna La Porte, secretary.

The new board’s term is effective Jan. 1 and will also include several other key REOMAC members. Art Acosta, LeeAnn Axcell, Ivan Choi, Frank Lougher, John Murray, Cynthia Nierer, Mia Semo and Sara Waite will all serve under Kaye for the next year.

“It is going to be an incredible year. This phenomenal board is full of bright, talented professionals in the default industry. Each board member will boost the association with diverse connections and influence within the industry,” Shelley Kaye said. “We worked hard last year to set the foregrounds, and now we can focus on keeping up training and networking within the organization.”

REOMAC’s new board brings together top-tier professionals in the default industry from across the country. In addition to continuing REOMAC’s member education and networking support,Kaye also aims to increase membership and association benefits. A portion of the educational opportunities will focus on training for the increasingly important commercial area of the industry. Additionally, the board hopes to begin offering educational meetings as Webinars, making the organizations events accessible to busy default professionals.

About REOMAC: Founded in 1985, REOMAC® is the premier not-for-profit trade association serving the mortgage default servicing industry nationwide. Dedicated to providing members with unparalleled education and networking opportunities, REOMAC is committed to delivering timely information that members can put to practical use to mitigate losses on defaulted mortgage loans; provide ancillary services to lenders and servicers; or help manage, market, maintain, sell and ultimately dispose of non-performing real estate assets. REOMAC is currently the only not-for-profit association that permits membership from all professions within the default industry, and it’s nearly 1,500 members hail from diverse professions including mortgage lenders, servicers, attorneys, title representatives, asset management outsourcers, real estate brokers, and a wide variety of associated vendors. By building bridges across these professions, REOMAC provides its members with a unique multi-faceted perspective of the default industry, and lends a comprehensive perspective on developing trends, and an advanced understanding of how they will affect the industry as a whole. To learn more about REOMAC, please visit www.REOMAC.com.