Prior to joining RCS, Mr. Stowe served as President and COO for Saxon Capital, Inc. (�Saxon�) Mr. Stowe joined Saxon in 1994 as President and CEO of its affiliate Saxon Mortgage Services, Inc. to build the company�s subprime mortgage servicing operation. Mr. Stowe led the growth of the platform from a staff of eighteen employees servicing under $1 billion in assets to three hundred professionals servicing approximately $12 billion in assets prior to his departure. Mr. Stowe directed the development of the company�s policies and procedures, training programs and proprietary technology in support of loss mitigation and default asset management. Prior to joining Saxon, Mr. Stowe led the liquidation efforts of Goldome Credit Corporation, a subprime lending and servicing subsidiary of the failed Goldome Bank, for Niagara Portfolio Management.
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