Luxembourg-based Altisource Portfolio Solutions S.A. has appointed Patrick McClain as SVP, Hubzu Auction Services. McClain will report to Joseph A. Davila, President, Service Solutions.
In this role, McClain will be responsible for driving the growth of Hubzu’s residential online marketing and auction business. Leveraging Hubzu’s scale, rich data resources, and fully integrated end-to-end services, McClain will oversee 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.
“Patrick has deep and highly-relevant product expertise and a broad industry network,” said Davila. “Hubzu is one of the largest online real estate auction services platforms in the country. We welcome Patrick’s entrepreneurial approach, significant industry experience and demonstrated operational expertise as we look to substantially grow Hubzu and stay at the forefront of this market.”
McClain joins Altisource from Auction.com, where he served as SVP, Asset Management, overseeing operations of the REO business unit including the asset management, contracting, title, and closing groups. During a 20-year tenure in this industry, McClain also held senior executive asset management positions at GMAC Mortgage and Atlas Nationwide.
“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.”