Scott Thompson

Contributor

Sr. Vice President, Mortgage Resolution Services, A Fidelity National Financial Company Scott has been a broker in the state of California for 20 years. Beginning in 1991, and continuing through 2006, Scott was one of the owners, and the managing broker of a two-office, 125 agent, residential real estate firm with offices in Sacramento County and Placer County. During the early and mid-90’s, Scott and his real estate firm survived by handling Short Sale transactions for homeowners who got caught in the economic downturn that gripped much of the Sacramento metropolitan area. During this period Scott handled literally hundreds of Short Sale transactions and trained his agents to assist hundreds who were struggling to find answers amid the sluggish local economy and base closure related job losses. In 2006, Scott sold his interest in Thompson+Brown Real Estate and founded Mortgage Resolution Services to meet the needs of homeowners who got caught in housing mania of 2002 through 2005. Initially, Mortgage Resolution Services worked directly with local homeowners to reach Short Sale settlements on mortgages that exceeded the borrower’s ability to pay. Beginning in 2007, Mortgage Resolution Services shifted focus and started reaching out to real estate agents and brokers who were seeking assistance to get Short Sale proposals accepted by lenders who were getting increasingly difficult to work with. Through both educational seminars and Short Sale file processing, Scott and his firm started working exclusively through agents and broker in their Short Sale efforts. In April of 2008, Mortgage Resolution Services was acquired by Fidelity National Financial. With the backing and national reach of a Fortune 500 firm, Mortgage Resolution Services has expanded it’s service area to include most of the 50 states, and currently has in process nearly 600 Short Sale files in 13 states. By the middle of November, they expect to expand their service offering to include Loan Modification negotiation.

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