"Selene is well-regarded in the industry and has a strong foundation of success in the REO space," said Oringer. "I'm excited to hit the ground running and further strengthen the relationship between the company and its clients."
Oringer brings key knowledge to the role, having experience in the acquisition, oversight, and servicing of non-performing loans with an emphasis on REO disposition, portfolio management, loss mitigation, and call center outreach. He joins Selene most recently from Auction.com, where he was vice president of residential operations and responsible for increasing the bidding activity leading to the sale of REO properties on the website. Throughout his career, he has held leadership roles at companies such as Shelving Rock Partners, The National Group and GMAC Rescap.
Selene Finance uses proprietary technology combined with unmatched customer service to propose flexible and creative servicing strategies to address the different needs of nonperforming, re-performing, REO, and performing loans. Selene is able to service in all 50 states and has approval to service Fannie Mae, Freddie Mac, Ginnie Mae, HUD, and Federal Home Loan Bank loans.
About Selene Finance:
Selene Finance (www.selenefinance.com) was founded in 2007 and is a trusted name in the specialty servicing business. Selene is owned indirectly by investment funds managed by two respected names in the investment management industry — Oaktree Capital Management, L.P. and Ranieri Partners Management. Selene is one of only two servicers in the country selected to be a Ginnie Mae Single Family Master Sub-servicer. Selene has more than 500 employees at locations in Houston, TX; Jacksonville, FL; and Horsham, PA.
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SOURCE Selene Finance