FREDERICK, Md., April 4, 2011 — Glen Calderon, CEO of Frederick-based Default Resource, a nationwide provider of default and origination products and services to the real estate and mortgage industries, has been selected as one of 2011′s “25 CEOs You Need To Know” by The Gazette of Politics and Business. Each year this honor goes to a diverse group of Maryland business leaders, recognizing them for the success of their companies and charitable activities in the local community. Calderon and other honorees will be presented with awards at a May ceremony.
Calderon co-founded Default Resource in 2005 after identifying a need to provide new solutions for lenders, mortgage insurance companies, hedge funds and others based on projected increases in defaulted loans and foreclosures. Since then, the services of Default Resource have become critical to helping mortgage lenders assist troubled borrowers, return vacant properties to use, and maximize profitability. Default Resource is a diversified financial services company that provides the full spectrum of default and origination products and services to the real estate and mortgage markets. Through its subsidiaries, Default School, DEFAULTology, MarkToMarket and Executive Asset Management, the company provides REO asset management, appraisals, foreclosure prevention and consulting services for real estate professionals.Prior to starting Default Resource, Calderon was a nationally-ranked Realtor in Metropolitan New York.
Calderon and Default Resource are active participants in Autism Speaks, which raises funds to raise awareness about autism; The Arc of Frederick County, which helps individuals with developmental and intellectual disabilities attain their goals; and other local and national charities including American Cancer Society, Special Olympics, Make-A-Wish and others. Calderon also serves on the Frederick County Government Affordable Housing Council and Business Advisory Council.
“I am deeply humbled and thankful to receive this honor,” Calderon said. “The team at Default Resource deserves the credit, as I believe this honor reflects what we have accomplished together as a successful organization and as contributing members of the community.”