DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.
Issue link: http://digital.dsnews.com/i/1181582
48 Property Preservation Guide Property KEY PERSONNEL Al Freedman CEO Noah Ganz COO Anne Simenowitz Director, HR and Vendor Management STAFFING » 45-plus employees BUSINESS LINES, SERVICES, AND PRODUCTS » Custom REO Renovations and Marketability Upgrades » Custom REO Repairs » Custom REO Preservation » Ongoing Property Maintenance » Tenant-Occupied REO Services » Inspection and Code Compliance "First Freedom Preservation has a well- organized staff that handles bidding and repairs in a very professional manner. I would definitely recommend their services to any bank or asset management company." —Gladwin D'Costa, Broker, Maryland REO Realty CORPORATE DETAILS: 7 Church Lane, Suite 22, Baltimore, MD 21208 | 443.393.0222 Info@FFPreservation.com | FFPreservation.com | Operating in MD, NJ, PA, DE, DS, and VA COMPANY DESCRIPTION: First Freedom Preservation (FFP) is a property renovation and preservation company that manages and services bank-owned, HUD, and real estate-owned (REO) properties. FFP offers custom REO services including renovations, upgrades, repairs, and regular maintenance to restore homes to a marketable condition for maximum ROI. COMPANY HISTORY: "Do it right the first time" is First Freedom's core value. When Al Freedman founded the company in 2008, he instilled this core value into every element of the process. The more lenders, banks, and brokers First Freedom worked with, the more the company realized that the biggest service they provided their clients was the ability to sell custom REO properties faster and for more money. Today, First Freedom's fundamental values are quality, collaboration, and timeliness. First Freedom contractors are licensed, full-time employees with a wide range of skills for home repairs and renovations. They also work with the best service providers to ensure that customers' custom REO projects are completed on-time and on-budget by trusted professionals. COMPETITIVE ADVANTAGE: First Freedom Preservation provides a high-end custom REO solution to lenders, banks, and brokers who are spending too much time managing and restoring properties. FFP uses a thorough on-site inspection and bidding process that gets it right the first time to eliminate surprises and minimize the need for costly change orders in the future. They communicate 24/7 with ongoing progress updates and status reports for each custom REO property, including daily onsite photos to monitor progress and provide peace of mind. They provide access to a state-of-the-art online portal to track spending and project deadlines and employ in-house, licensed, full-time contractors with a wide range of skills for home repairs and renovations. FFP's reputation for reliability, solid workmanship, professionalism, and a supreme attention to detail sets their work apart from other vendors. It's critical to deliver quality results that any REO Servicer provides recommendations based on condition and marketability, rather than being an order-taker. FFP handles all REO projects as leaders and innovators, so clients can relax and concentrate on selling more properties. ADDED VALUE: By providing quality, collaborative, on- time, one-stop custom REO construction, renovation, and preservation services, FFP makes lenders' and brokers' lives easier. They help their clients save time and money. They get their properties sold faster, at a higher market price, with the least amount of exposure. KEYS TO SUCCESS: The company is dedicated to serving its clients with professionalism, integrity, and quality. Its business success is built on accessibility, respect, commitment, and partnership with its clients. Its culture of quality and time management is solidly anchored in the structure of the organization. FFP has worked tirelessly to cultivate an environment that inspires the highest level of accountability and respect from its employees. It encourages regular and open communication with clients to build on success by selling completed REO properties and further establishing its commitment to maintaining neighborhoods. AWARDS, ACCOLADES, AND MILESTONES: In 2018 and 2017, Inc. 5000 recognized First Freedom Preservation as one of the "superheroes of the U.S. economy." They rated FFP among "America's fastest growing private companies wielding powers like strategy, service, and innovation." This honor reflected FFP's dedication to providing excellent customer service and integrating new innovations as it grows. FFP's customers are its best testament to its unique, one-stop, high-quality, collaborative services. CUSTOM REO BY FIRST FREEDOM PRESERVATION First Freedom Preservation is dedicated to providing exceptional quality work through communication, thoughtful planning, custom design, and thorough, complete bids. » Thorough Bids Their team takes the time to accurately assess every property before submitting a bid to prevent change orders and surprises down the line. » Thoughtful Planning They consider the quality of the home, the market, and the potential for profit when making design suggestions that are best for each asset. » Custom Design Every project is unique, and they take the time to make recommendations that compliment each property rather than repeating what's easiest. » Quality Work You shouldn't have to guess the status of your ongoing projects. FFP will communicate status with pictures throughout the process. » Consistent Communication High-quality work, delivered on time and on budget. And if something does go awry, they will guarantee to have a manager on site in one business day. FIRST FREEDOM PRESERVATION