Wells Fargo/Premiere Asset Services and Vendor Resource Management scooped up multiple awards at HousingWire's annual Pinnacle celebration.
Wells Fargo/Premiere won four Pinnacles and VRM won three and one runnerup award.
The Pinnacle Awards, now in its second year, recognizes the nation’s top real estate management firms and corporate real estate departments. Winners are chosen via an extensive survey data involving thousands of real estate agents and brokers nationwide.
"At their core, the Pinnacle Awards celebrate real estate sales expertise, a skill set absolutely fundamental to our nation’s recovery," said Paul Jackson, publisher of HousingWire. "In particular, these awards recognize excellence in REO sales management — a specialized area of real estate sales that often goes unnoticed, but remains critical to the future stabilization of our nation’s housing."
More than 2,200 real estate professionals participated in the survey underlying the awards program, generating more than 1.4 million data points that served as the basis for Pinnacle Awards consideration. Agents and brokers rated up to five corporate sellers they regularly list properties for, spanning dimensions including staff professionalism, closing processes and listing practices.
An outside firm, M/A/R/C Research, conducts the survey and analyzes the data on behalf of HousingWire.
"This awards program gives the REO specialists an opportunity to voice their thoughts about the firms they list homes for," said Richard Bitner, associate publisher of HousingWire. "We will continue to build upon this survey, bringing needed transparency to the market."
The awards program recognized first and runnerup winners across 12 different categories, including a major servicer category that assessed broker/agents' perception of real estate performance at the nation's largest financial institutions: Bank of America ($13.24 0.03%), CitiMortgage ($50.46 -0.07%), Fannie Mae, Freddie Mac/HomeSteps, JPMorgan Chase ($53.66 0.31%), and Wells Fargo/Premiere Asset Services ($40.25 0.24%).
Complete survey results are available to firms and investors interested in benchmarking real estate management performance across peers, clients and competitors.
2011 Pinnacle Award winners
Best Listing Practices, Servicer
Winner: Wells Fargo/Premiere Asset Services
Runner up: Freddie Mac/HomeSteps
Best Listing Practices, Outsourcer
Winner: Vendor Resource Management
Runner up: LRES Corp.
Best Closing Process, Servicer
Winner: Wells Fargo/Premiere Asset Services
Runner up: OneWest
Best Closing Process, Outsourcer
Winner: Vendor Resource Management
Runner up: LRES Corp.
Most Professional Servicer
Winner: Wells Fargo/Premiere Asset Services
Runner up: Freddie Mac/HomeSteps
Most Professional Outsourcer
Winner: New Vista Asset Management
Runner up: Vendor Resource Management
Most Improved Servicer
Winner: Aurora Loan Services
Runner up: Fannie Mae
Most Improved Outsourcer
Winner: NRT REOExperts
Runner up: Nationwide REO Brokers
Best Overall, Major Servicer
Winner: Wells Fargo/Premiere Asset Services
Runner up: Freddie Mac/HomeSteps
Best Overall, Bank Servicer
Winner: OneWest
Runner up: Fifth Third Bank
Best Overall, Non-Bank Servicer
Winner: Select Portfolio Servicing
Runner up: Nationstar Mortgage
Best Overall, Outsourcer
Winner: Vendor Resource Management
Runner up: New Vista Asset Management
Write to Kerry Curry.
Follow her on Twitter @communicatorKLC.
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