PREO Selects Industry Insider Heather Guerin as Company President

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Guerin is charged with leading PREO in its mission to expedite the disposition of servicer’s non-performing assets by more rapidly turning abandoned and distressed properties, back into family homes.

Heather Guerin, President, PREO, LLC.

Heather Guerin, President of PREO, LLC.

PREO’s comprehensive technology-based solutions enable our customers to increase the ROI or NPV of cash received from the REO process while simultaneously helping the current defaulting homeowner gain meaningful relief.

PREO, LLC., developer of turnkey loss mitigation technology solutions for the mortgage and real estate industries, today announced the appointment of Heather Guerin as the company’s president effective immediately.

Guerin, who most recently served as senior vice president of operations, is charged with leading PREO in its mission to expedite the disposition of servicer’s non-performing assets by more rapidly turning abandoned and distressed properties, back into family homes.

“Our products are designed to meet the challenges faced by the mortgage servicing and real estate industries and Heather understands those needs like no one else,” said James Albertelli, PREO founder and CEO. “I am excited to have Heather as president and am confident her leadership skills and tremendous industry insight will materially strengthen and propel PREO into the next stages of growth and success.”

Prior to joining PREO, Guerin served as vice president of loss mitigation at OneWest Bank, where she was responsible for managing the short sale and deed in lieu departments. Guerin is also experienced in real estate having been a highly regarded, top producing Keller Williams agent.

“PREO’s comprehensive technology-based solutions enable our customers to increase the ROI or NPV of cash received from the REO process while simultaneously helping the current defaulting homeowner gain meaningful relief,” said Guerin. “I am excited to have joined PREO at such a unique economic time and look forward to working together with our employees, servicers and agents to provide and implement real solutions for our nation’s mortgage crisis.”

About PREO, LLC.

PREO was created by real estate, foreclosure and bankruptcy attorney James E. Albertelli, Esq. to be the complete default marketplace. Over 15 years of representing lenders and servicers in judicial and non-judicial states, Mr. Albertelli obtained a wealth of knowledge about the shortcomings of the traditional methods of foreclosing and selling property. He sought to design a better way to increase the ROI or the NPV of cash received from the REO process and at the same time help the current defaulting homeowner to gain meaningful relief. Out of those concerns, PREO was born.

WHAT: Trunkey loss mitigation solutions for the liquidation of REO and pre-foreclosure inventory

WHO: Bringing together lenders, buyers, homeowners, and real estate agents

WHY: Because short sales can be completed more quickly and easily

HOW: By using technology to simplify/standardize processes, and providing market clarity to pricing

PREO is headquartered in Tampa, Florida. For more information visit http://www.PREO.com.

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