Home >> News >> Data >> Mortgage Pro Makes Move to Online Initiative
Print This Post Print This Post

Mortgage Pro Makes Move to Online Initiative

A former mortgage banking executive is moving on to the lucrative realm of technology based real estate initiatives. Elizabeth O'Brien, previously a director for ""Citigroup, Inc."":http://www.citigroup.com/citi/homepage/, was recently announced as the managing director and SVP of ""Auction.com"":http://www.auction.com/, a Web site focused on online housing auctions.

[IMAGE]

O'Brien will target the firm's business within residential capital markets in her new role, and she will take up her new post immediately, while basing out of Auction.com's New York location. Possessing more than 17 years of experience in the mortgage industry, O'Brien's diverse skill set will enhance the tech company's platforms as it strives to facilitate additional growth.

[COLUMN_BREAK]

While with Citigroup, O'Brien served in the fixed-income division as its director of mortgage finance, and she also handled the secondary securitization and liquidation of major transactions as she helped manage the financial institution's legacy asset portfolio.

Much of O'Brien's work in the mortgage industry has focused on the client portion of real estate investments, and she boasts international practice as well, having been a part of ""Goldman Sachs"":http://www2.goldmansachs.com/' Hong Kong office during her employment with the company.

O'Brien performed within the entity's real estate principal investment division while overseas and acted in a similar role as part of Goldman Sachs' New York location as well.

Auction.com's CEO Jeff Frieden commented on O'Brien's hiring, saying, ""Beth's expertise enables us to build on the success of our residential foreclosures and commercial notes platforms and expand into residential notes. Her track record in distressed mortgage finance makes her a driving force behind our ongoing growth as the world's preeminent real estate auctioneer.""

The online organization specializes in a variety of types of real estate auctions and participates in both live and Web-based auction activities. Auction.com also offers broker initiatives and gives buyers access to online bidding for properties at hitting the block.

About Author: Abby Gregory

x

Check Also

Survey: Homeownership Remains Elusive for Baby Boomer Renters

A recent look into housing affordability by NeighborWorks America has found that three in five long-term baby boomer renters feel homeownership remains unattainable.