PROFILE
“The reality is that foreclosures are always going to be needed – whether we are talking about institutional lenders like banks or private lenders, what we call hard-money lenders, it’s always in need.”
RANDY NEWMAN
TOTAL LENDER SOLUTIONS
T
By Charles Peckman, Originate Report he
foreclosure
Solutions. But just as Originate Report learned when we sat down with Newman to discuss his growing company, the foreclosure business wasn’t always on his radar. Originate
Report
(OR):
What
originally caused you to become involved in foreclosures? It doesn’t seem like something that you just wake up and want to do one day…
industry
regulated facet of the real estate
often gets a bad rap. While
world serves as an intermediary
some outside the space
between borrowers and lenders. You
have formed a skewed perspective
will be hard-pressed to find someone
on foreclosure professionals (we’ve
who knows the ins-and-outs of the
visit and I fell in love with the San
all seen how they are routinely
industry better than Randy Newman,
Diego area. A year later I was on
portrayed in movies), this heavily-
the founder and CEO of Total Lender
a plane to California for good.
6 Originate Report | November 2019
Randy Newman (RN): I am from New York originally – I was a real estate attorney and still am to this day. But in 1999 I came out to California to
In
