What Chronos Solutions does

Chronos Solutions, LLC is a privately held government contractor operating as an Asset Manager for the U.S. Department of Housing and Urban Development. The company markets and coordinates the disposition of HUD-owned residential properties — homes whose underlying FHA-insured mortgages have gone into default — by acting as the intermediary between HUD, lender counterparties, registered real estate agents, and individual buyers. Since 2010, Chronos has marketed and closed more than 94,000 HUD properties across the United States. The company is headquartered in Irving, Texas, with 51–100 employees, and was founded in 2010 (firmographics note 2007, but the company-history source explicitly anchors its HUD Asset Manager operations to 2010).

The company's core product is HUD Asset Management Services, a managed-services engagement covering property intake, listing coordination on HUDHomeStore.com, bid management, and closing. The secondary product surface consists of standardized digital transaction forms — Extension Request, Contract Release, Add/Remove/Modify Purchaser Addenda, Change Financing Addendum, and the Good Neighbor Next Door Sales Program forms for officers, teachers, and firefighters/EMTs. No proprietary technology platform is disclosed; the chronosams.com website is primarily informational and redirects property search and bidding activity to HUDHomeStore.com.

Chronos generates revenue through contractual managed-services fees from its HUD Asset Manager role. Pricing is not publicly disclosed and is governed by contract terms. The company has expanded via two historical acquisitions — Cogent Road (December 2015) and UPF Services (July 2016) — and is led by Cameron Baker (CEO per the company contact page) with Mark Hikel also referenced as President and CEO in company-summary leadership data, and Matt Martin identified as co-founder. There is no disclosed institutional funding and no parent company; ownership is founder-/operator-led. Customer concentration is effectively singular: HUD is the only paying customer, with downstream buyers and real estate agents being users of the disposition process rather than revenue sources.

Name

Chronos Solutions

Legal name

Chronos Solutions, LLC

Website

https://chronosams.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

51–100 employees

Short description

Chronos Solutions is a private LLC serving as a HUD Asset Manager contractor that markets and closes defaulted FHA residential properties for the U.S. Department of Housing and Urban Development nationwide.

Ownership category

akta.pro rank

Headquarters

HQ city

Cedar Park

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Government Contract Services: Revenue generated as an Asset Manager contractor for the U.S. Department of Housing and Urban Development. The company markets and coordinates the sale of HUD-owned properties (FHA-insured mortgages that have gone into default). Compensation appears to be contractual fees associated with property asset management and sales coordination.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Chronos Solutions, LLC operates as an Asset Manager contractor for the U.S. Department of Housing and Urban Development (HUD), marketing and coordinating the sale of FHA-insured residential properties that have gone into default. Since 2010, the company has marketed and closed more than 94,000 HUD properties across the United States, providing property listing coordination, bid management, transaction processing, and sales closing services through integration with HUDHomeStore.com.

Product overview

Chronos Solutions offers a unified HUD Asset Management platform, serving as an Asset Manager contractor for the U.S. Department of Housing and Urban Development. Since 2010, the company has marketed and closed more than 94,000 HUD properties across the nation. The core product is the HUD Asset Management Services, supported by digital transaction forms (HUD Property Forms) including request forms, addendum forms, and the Good Neighbor Next Door Sales Program documentation.

Differentiator

Problem solved

Functional benefit

Products and services

• HUD Asset Management Services Asset management services for HUD-owned residential properties: marketing, listing coordination, bid management, transaction processing, and sales closing for FHA-insured defaulted properties on behalf of the U.S. Department of Housing and Urban Development.
• HUD Property Forms (Contract and GNND) Digital contract and program forms required for HUD property transactions, including Request Forms (Extension Request, Contract Release, Add/Remove/Modify Purchaser Addendum, Change Financing Addendum) and Good Neighbor Next Door (GNND) Sales Program forms (HUD-9549 series for officers, teachers, firefighters/EMTs, and employer verification of participant employment).

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• U.S. Department of Housing and Urban Development (HUD)coreStrategic or Co-development Partner · 1 January 2010Chronos Solutions, LLC serves as an Asset Manager contractor for the U.S. Department of Housing and Urban Development since 2010. The company markets and coordinates the sale of HUD-owned properties (FHA-insured mortgages that have defaulted). This is a government contracting relationship where Chronos acts as the Asset Manager (AM) to acquire properties from lenders and convey ownership through coordinated sales processes.

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Others

• SitusAMC: SitusAMC provides real estate and mortgage services including valuation, title, and asset management to banks, servicers, and government clients. Its asset management and valuation offerings are thematically aligned with Chronos's REO transaction coordination services.
• Radian Group: Radian Group is a mortgage insurance and real estate services company whose products intersect FHA-insured lending and default-adjacent services. While primarily an insurer, its real estate services arm competes for adjacent federal and institutional REO/default work.

Broad incumbents

• NewRez (Shellpoint Mortgage Servicing): NewRez/Shellpoint is a major mortgage servicer with default and REO operations servicing both conventional and FHA portfolios. Its FHA-default activities overlap with Chronos's HUD REO disposition workflow at scale.
• First American Financial Corporation: First American is a large diversified real estate services company offering title, escrow, and asset management (including REO) for institutional and government clients. It overlaps with Chronos on real estate transaction services but operates across a far broader product portfolio.
• Mr. Cooper Group: Mr. Cooper is a large U.S. mortgage servicer with significant default and REO operations. While broader than Chronos, its default asset management function for FHA loans places it adjacent to Chronos's HUD-facing workflow.
• ICE Mortgage Technology: ICE Mortgage Technology (incorporating former Black Knight) is a leading mortgage technology and services provider offering servicing platforms and default/REO workflow tools. It serves many of the same institutional clients as Chronos and competes with technology-driven REO processing offerings.
• Carrington Mortgage Holdings: Carrington Mortgage Holdings is a non-bank mortgage servicer with origination, servicing, and default/RREO capabilities. It serves institutional and government-backed mortgage programs comparable in scope to Chronos's HUD-focused role.

Direct peers

• ServiceLink: ServiceLink is a major national REO and default asset management provider owned by Fidelity National Financial, serving mortgage servicers and government agencies. Its core function — coordinating the disposition of foreclosed properties on behalf of institutional owners — directly mirrors Chronos's HUD Asset Manager role.
• BSI Financial Services: BSI Financial Services provides default servicing, REO asset management, and mortgage-related services to banks, investors, and government entities. It is a direct functional competitor in the asset management of distressed residential real estate for institutional and federal clients.

Emerging players

• Pretium: Pretium is a large alternative asset manager focused on real estate, with significant single-family rental and residential credit exposure including REO and distressed housing assets. It is comparable in end-market and asset class to Chronos's HUD REO work but is investor-side rather than a contractor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

• Xx.com/chronosre
• Facebookfacebook.com/chronossolutionsRE
• LinkedInlinkedin.com/company/chronos-soultions-international

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Chronos Solutions