Torrance, CA – May 16, 2012 – (RealEstateRama) — Andrew Platt has joined Auction.com (www.auction.com), the nation’s leading online real estate marketplace, as managing director on the New York-based capital markets team.
During his 12 years in the financial industry, Platt has focused on the mortgage industry, covering originators, MBS issuers, REITs, distressed investors, servicers, banks and other mortgage-related specialty finance companies. With vast experience on the banking and advisory side of the industry, Platt bolsters Auction.com’s client work and ongoing success in the sale of non-performing residential loans.
“Our success is fueled by our relationships with lenders and investors. Having worked on that side of the industry, Andrew has a unique understanding of how our clients operate and will strengthen the already high level of service we provide,” said Beth O’Brien, executive vice president and managing director of Auction.com’s Residential Capital Markets Division.
Prior to Platt’s most recent work with UBS’s Financial Institutions Group, he was a senior member of the fixed incomes teams at UBS, Bank of America and Lehman Brothers.
With more than $15 billion in sales since 2007, Auction.com works directly with lenders, financial institutions, developers and private parties to sell residential, commercial, luxury homes, multi-family and hospitality properties, land, as well as performing and non-performing notes and loan pools.
Platt holds an MBA in Finance from Fordham University, a JD from New York Law School, and a BA from Skidmore College.
About Auction.com:
Established in 1990, Auction.com has pioneered modern real estate auctions and created the nation’s leading online real estate marketplace. It has established a dominant position in its industry by selling more than $12 billion in real estate assets at auction since 2007. Additional services include residential loss mitigation and title agency and escrow/closing services. Primary clients are residential and commercial mortgage lenders, servicers and home builders. Auction.com’s success is based on the aggregation of real estate assets that are marketed and sold in large format auctions across the country and online. Auction.com is headquartered in Irvine, California and has offices in Newport Beach, Dallas, Miami and New York. Visit Auction.com for more information.
