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Mortgage Industry Gains New Category of Servicing With Launch of Statebridge
Investor-Focused Servicing Group Rounds Out IAS Suite of Mortgage Servicing Products
| Source: Integrated Asset Services
DENVER, CO--(Marketwire - August 18, 2009) - Integrated Asset Services®, LLC (IAS®)
(www.iasreo.com), a leader in default management and residential collateral
valuation, announced today the launch of Statebridge. The new company will
provide custom, high-touch investor-focused servicing for the mortgage
industry.
Statebridge's risk-based servicing will introduce a new adaptive approach
designed to optimize investor success through tailored, high-touch
servicing that maximizes return on performing and non-performing loans.
This new approach to servicing was developed by the team that helped create
the market for independent surveillance of mortgage securities.
"Statebridge is defining a new category, 'investor-focused servicing,' for
the mortgage industry," said Dave McCarthy, President and CEO of Integrated
Asset Services. "In association with IAS' valuation and REO capabilities,
Statebridge will be the only servicing company to provide a 'one-stop shop'
for mortgage servicing that is intensely focused on the needs of investors
that have grown out of this new mortgage environment."
Responding to changing industry expectations and demands, Statebridge was
founded on the principle that a combination of technology, deep industry
experience, custom borrower touch, and a contrarian view of servicing can
make a significant difference in the performance of mortgage portfolios.
Company executives created the firm's servicing practices from the ground
up, relying on years of experience in overseeing hundreds of servicers and
roughly three trillion dollars worth of mortgages.
"Statebridge is not a company that believes in doing things one way because
that's how they've always been done," said Kevin Kanouff, President of
Statebridge. "We work closely with our clients to create a servicing
strategy unique to their investment philosophy for the greatest return. We
treat borrowers with respect and our clients' assets as if they were our
own."
The company has been designed to provide custom special servicing of both
distressed and non-distressed mortgages. In addition to unbiased service
advice on existing mortgages, Statebridge experts are equipped to offer
collateral analysis, fiduciary review, pool level analysis, and pricing
advocacy for new investments in mortgages.
With the Statebridge launch, the IAS suite of mortgage servicing products,
which already includes REO management and disposition, collateral
valuation, conditioned valuation, and mortgage due diligence, will
effectively bridge the entire loan life cycle.
"Our attitude is that there should always be a solution that is in the best
interests of both the borrower and the investor," said Kanouff. "We're
looking forward to our association with IAS and its 'no excuses' philosophy
to bring complete and exceptional solutions to the residential asset
management industry."
About Integrated Asset Services, LLC
IAS (www.iasreo.com) is a privately-held Colorado-based corporation
specializing in default mortgage services including valuation,
reconciliation and full cycle REO disposition. The Company's advanced
valuation and volatility technology combined with its expert professional
services help its clients reduce exposure while expediting the entire asset
management process. Founded by REO industry experts, IAS provides services
that go beyond industry expectations, from the level of integrity of its
employees to the measurably better service it routinely provides.