Colonial Funding Group,LLC a Dallas, Texas-based firm founded by Mr. W. Eddie Speed, acquires, manages, and trades the notes related to single-family residential real estate. Colonial Funding Group’s asset portfolio consists principally of non-performing or sub-performing residential mortgage loans and real estate owned acquired from banks and other financial institutions (“REO”) although it also manages performing and re-performing loans.Colonial Funding Group recently announced its new management team, led by Bob Repass, a 24-year veteran and expert in the seller finance mortgage and distressed asset industry. Over the course of his career, Mr. Repass has purchased and/or managed over 40,000 performing and non-performing mortgage loans totaling over $2 billion dollars in volume, giving him an unparalleled track record in the industry.
Mr. Repass currently serves as Managing Director of Colonial Funding Group, where he shares overall responsibility for the management of the firm’s family of companies including NoteSchool, LLC and Colonial Capital Management, LLC.
Joining Mr. Repass on the Colonial Funding Group team are Eddie Speed, Charles Mangan, and Susan DeLaGarza, all seasoned veterans of the mortgage loan industry.