DRI Management Systems, Inc. Hires ULS Veteran Bailin, Promotes Schaefer

Michael Bailin named to new regional sales executive post; Nancy Schaefer, former REOMAC president and board member, promoted to SVP of Client Operations

Newport Beach, CA, February 21, 2012—DRI Management Systems, Inc., the 27-year leader in default management software, has hired Michael J. Bailin for the newly created position of regional sales executive in the western states, and promoted Nancy Schaefer to senior vice president for Client Operations. 

Bailin will handle sales and marketing of the DRI Office^TM platform to mortgage servicers in the Pacific and Mountain time-zone regions. DRI’s award-winning default management technology brings workflow automation and process improvements where servicers need them most, on their seriously delinquent and defaulting loans. 

With more than 26 years of mortgage industry experience, Bailin joins DRI from Urban Lending Solutions (ULS), where he was senior vice president of sales for three years. At ULS, Michael was responsible for loss mitigation outsourcing sales and residential valuations throughout the country.

Prior to ULS, Bailin served in national sales roles at Lenders Processing Services, Associates Financial Services and The Money Store. At LPS, he handed settlement service sales with an emphasis on residential collateral valuation tools and services. At The Money Store, Bailin served as sales vice president in charge of wholesale and flow correspondent loan acquisitions.

“We are delighted to have Michael on board at DRI,” said Duke Olrich, founder and CEO of DRI Management Systems. “Michael provides us not only with extremely high capabilities in key strategic regions of the country, but also his mortgage production expertise is a major asset, along with his superior sales skills.”

Nancy Schaefer, with more than 15 years in default management and nine years at DRI, was promoted to senior vice president of Client Operations. Her responsibilities at DRI include the areas of client relations, business analysis, testing & quality assurance, and general operations comprised of accounting, administration, and human resources.

Prior to DRI, Schaefer worked at Chase Home Finance/Advanta Mortgage for seven years, specializing primarily in REO management.  Additionally, she served five terms on the board of directors and one term as president of REOMAC, the national non-profit trade association for the mortgage default industry.

“Nancy’s industry experience is exemplary across all aspects of the default management arena,” Olrich said.  “Nancy has illustrated her drive for excellence over the course of her nine years with DRI, and will continue to be indispensible during this period of tremendous growth for our company.”

About DRI Management Systems
Founded in 1984 and based in Newport Beach, California, DRI Default Management Services is the industry’s preeminent default solution, offering a suite of integrated default management software that can be used individually or in unison, and which can be interfaced with any other servicing or accounting system.  DRI’s award-winning flagship technology, DRI OfficeTM, enables companies to expertly manage, automate and accelerate their servicing of defaulted loans, including prime and non-prime mortgages as well as secured and unsecured consumer loans. The DRI Office platform features a complete array of default management software modules, including: loss mitigation, pre-foreclosure foreclosure, bankruptcy, REO, litigation, property preservation, administration, and claims and auto/consumer loans. Clients are among the nation’s top servicers.  For more information, please visit www.DRIdefault.com. 

Press Contacts
Jim Hennessy
Strategic Vantage Marketing & Public Relations
JimHennessy@StrategicVantage.com
858.774.0201

Mike Murray
Strategic Vantage Marketing & Public Relations
MikeMurray@StrategicVantage.com 
240.498.0863

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