REO services provider Default Resource hired James Zeldin as executive vice president and chief sales officer. 

Zeldin has over 20 years’ experience in default management, origination services, REO management and business process consulting. At Default Resource, he will develop and execute the firm’s strategic sales initiatives. 

Prior to his current position, Zeldin was the senior vice president of business development for Altisource Portfolio Solutions and its predecessor company, Ocwen Financial Corp.  

While at Altisource, he designed and developed multiple business lines spanning origination and default services. Zeldin was previously managing director of operations and client services for a division of Lender Processing Services.

“James’ expertise at developing solutions on both the origination and servicing sides of the mortgage business make him an invaluable addition to our executive team,” Default Resource CEO Glen Calderon said.  “As the real estate market recovers we will be developing new solutions that fulfill the mortgage industry’s most critical needs, and James will be an integral part of this effort.  We are extremely fortunate to have him on board.”

Meanwhile, in other mortgage people news, named Chris McLain as director of business development.

In his new position, McLain, who will be based in Gainesville, Florida, will manage sales, re-seller relationships, strategic partnerships and business development at the firm, which has developed Web-based tools to streamline the valuation process. He will be the firm's east coast representative as it accelerates its growth initiatives.

McLain brings to over 15 years of experience in the mortgage and real estate industries, focusing on collateral risk management. Previously, McLain worked in national sales as an automated valuation model specialist with MDA Lending Solutions/DataQuick and was director of strategic accounts for Veros, a predictive technology and collateral risk management software company. He also founded and operated, a for-sale-by-owner Web site and marketing company, which was acquired by a real estate firm.

“Fundamentally there are four key factors in choosing a collateral valuation partner: quality, turn time, customer service and cost,” McLain said. “ has established a strong reputation of excellence in these areas. With the people, process and technology we have in place, we are well positioned to grow our customer base and expand the brand.”

Default Resource is a nationwide provider of highly customized valuation solutions that apply analytics and client-specific rules and criteria.

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