Auction.com is proud to announce that Steve Price, EVP of Foreclosure Auction Services, is a winner of a HousingWire Vanguard Award, which recognizes C-level industry professionals and business unit leaders who contribute to the growth of the housing economy and its various sectors.
“I am both humbled and honored to receive the HousingWire Vanguard award,” said Price. “I am also grateful to work at a company that allows me the opportunity to innovate and transform the default mortgage industry. I would be remiss if I did not give thanks to the tremendous team working alongside me every day at Auction.com, as well as our incredible clients and attorney firm partners who all work tirelessly to ensure the best outcomes are achieved for borrowers, investors, and ultimately neighborhoods.”
Price has been integral in transforming the company’s foreclosure sales business by carrying on the vision of Auction.com’s founders and CEO Jason Allnutt. As the company celebrates the 10th anniversary of its Foreclosure Auction Services, Price has been instrumental in steering remarkable success.
As a transformational executive who pioneered the way foreclosures sales were priced, marketed, and auctioned during the 2008 downturn, Price is continuing to innovate and improve outcomes. Over the last 12 months and beyond, his leadership has been critical to the company:
- Overseeing the strategy behind Foreclosure Remote Bid™, which has realized over $500,000,000 in fundings since inception in mid 2020
- Managing the strategy behind Foreclosure Predict™, a first of its kind prediction model
- Helping Auction.com to improve its foreclosure sales rate by over 20 points annually since moving into the role in 2017.
Price also advises on state-level legislation in several high-volume states (California, Pennsylvania, New Jersey, and Maryland) to ensure the right balance is struck between borrower and industry needs.
Under Price’s leadership, the Auction.com Foreclosure Auction Service Division has not only grown but it also increased its foreclosure expansion efforts by developing the auction services roadmap, managing government affairs efforts, engaging with state legislatures, and creating new strategic relationships among key state and county-level stakeholders. This has resulted in more use of Auction.com’s innovative technology, which has served to expand bidder participation, maximize third party sales, and increase neighborhood stabilization.