Prior to co-founding RCS Mr. Stowe served as President and COO for Saxon Capital, Inc. Mr. Stowe joined Saxon in 1994 as President and CEO of its affiliate Saxon Mortgage Services, Inc. to build the companys sub-prime 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 companys policy and procedures, training program and proprietary technology in support of Loss mitigation and Default Asset Management achieving above average ratings as a Primary Sub Prime Residential Servicer and an average Special Servicer rating.Prior to joining Saxon Mr. Stowe led the liquidation efforts of Goldome Credit Corporation, a sub-prime lending and servicing subsidiary of the failed Goldome Bank, for Niagara Portfolio Management.
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