Altisource hires auction.com exec for Hubzu push

Real estate and mortgage services provider Altisource has hired a rival’s executive to focus on growing its online marketing and auction platform

Altisource hires auction.com exec for Hubzu push

Real estate and mortgage services provider Altisource has hired a rival’s executive to focus on growing its online marketing and auction platform.

Patrick McClain joins Altisource as senior vice president, Hubzu Auction Services, from Auction.com where he was SVP, asset management.

He will spearhead the online platform’s growth plans including overseeing product innovation for the Company’s Online Auction, Live Auction, Short Sale, Claims Without Conveyance of Title (CWCOT) and National Brokerage Services businesses along with Hubzu’s client management program and business development strategy.

Since 2009, Hubzu has facilitated the sale of nearly 200,000 homes via a transparent online sales and auction process. Real estate agents and brokers are able to use its suite of tools to market and sell clients homes via auction.

“The real estate auction space is dynamic and continues to evolve,” said John A. Vella, Chief Revenue Officer, Altisource. “Adding talent like Patrick, along with our scale and innovative solutions, positions Hubzu as the leading provider of real estate auction services for home buyers and sellers and an indispensable partner for our clients.”

McClain has been in the mortgage and real estate industry for more than 20 years including senior executive asset management positions at GMAC Mortgage and Atlas Nationwide.