Property veteran Patrick McClain will be the new Senior Vice President of Auction Portfolio Operations for Auction.com, a leading online marketplace for foreclosure and bank-owned properties.
McClain, who has managed portfolios of more than 200,000 real estate owned assets over the course of his career, will lead Auction.com's portfolio management team toward establishing a one-stop-shop experience for sellers from onboarding to closing, regardless of disposition type.
Auction.com's portfolio operations will focus on optimising REO disposition services by establishing enhanced partnerships with third-party vendors, agents and its clients' asset management companies.
"Patrick McClain is well respected for his deep knowledge of the real estate industry and for his ability to drive teams toward exceeding client goals and objectives," said Javid Jaberi, Executive Vice President of Operations for Auction.com.
"I'm confident that his impactful leadership style, commitment to excellence, and bias for action will make him a valuable asset to Auction.com and our entire client base."
McClain comes to Auction.com with almost 20 years’ experience in the Asset Management field. He has served as Senior Vice President at Atlas Nationwide, where he oversaw asset management services including marketing, preservation and maintenance, refurbishment, title, HOA, vendor management and eviction/relocation assistance, and as a Senior Vice President at GMAC Mortgage, where he was responsible for management of the company's Enterprise REO group. He holds a bachelor's degree from Purdue University.
"Auction.com is the established market leader in real estate sales for financial institutions, servicers and government agencies, and has a long track record of innovation that has delivered a more effective, efficient process for its clients," said McClain.
"I look forward to working with the team to create an even more comprehensive suite of Asset Management products and services that meet our customers' evolving needs."