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DS News May 2022

DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.

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30 Five Brothers Asset Management Solutions WEBSITE: Fivebrms.com CONTACT: LeAnne Richards | leanner@fiveonline.com | 586.552.4979 KEY PERSONNEL Joseph Badalamenti (Joe Bada) Chairman Emeritus Nickalene Badalamenti-Kalas CEO & President William (Bill) Walsworth Chief Information Officer Perry Scroggie Chief Financial Officer April Smith Sr. Director, Client Operations Founded in 1967, Five Brothers, a Certified Women's Business Enterprise and privately owned family corporation, provides nationwide default and REO asset preservation, maintenance, and rehabilitation services. Five Brothers offers a national vendor network, best-in-class technology, and unrivaled experience that helps our clients maximize property values and asset returns while stabilizing neighborhoods. 4. WILLIAM (BILL) WALSWORTH, CIO Bill has been with Five Brothers for 25 years and has established the company as a leader in the technology sector of property preservation and maintenance. Cutting-edge technology is challenging the traditional approach to property preservation and maintenance. Under Bill's leadership, Five Brothers first created workflow systems that incorporate imaging, unstructured form recognition, and document scanning. Since then, Five Brothers continues to focus on forward thinking solutions including AI, computer vision, machine learning, and chat-bots to support solutions in disaster management, invoicing, and automation. 5. CLADE™ DISASTER ALERT SYSTEM State-of-the-art technology that identifies "at risk" assets based upon the combination of advanced weather data combined with boots-on-the- ground inspection data. CLADE provides a visual representation of natural disaster affected assets, real-time notifications of disaster occurrence, and comprehensive, at-a-glance asset reporting for a strategic approach to risk mitigation. CLADE's hurricane forecast simulation technology delivers a "cone of confidence" predicting where the path of the storm is predicted to travel, potential impact, and size. 1. INSURANCE LOSS DRAFT INSPECTION SERVICES: IN-PERSON AND VIRTUAL Five Brothers conducts in the field and virtual self-service loss draft inspections. Proprietary virtual functionality provides many homeowners with a more favorable inspection solution post-pandemic. Homeowners can simply access the link to follow prompts that will guide the user through documentation of work/repair activities using their phone camera. Immediate upload directly into Five Brothers' system allows for in-office quality control. Subject to the scope of work contained within the insurance claim, the client is provided an approximate percentage of total work completed (standard) or status of work completed line by line (detailed) prior to the release of funds. 2. PROPERTY REGISTRATION SERVICES Five Brothers manages distressed, vacant, foreclosed, and REO property registrations while consistently monitoring evolving local, county, and state ordinances. Coordination of in-the-field actions and auxiliary services ensures municipal compliance. Our trademark registration technology, FiveReg™ maintains, tracks, and updates thousands of registration ordinances at the local, county, and state level, automatically alerting clients to newly enacted regulations. 3. EVICTION/LOCKOUT SERVICES Five Brothers completes scheduled eviction/lockout services correctly, on time, and anywhere in the United States. Dedicated Evictions Specialists coordinate all activities with every stakeholder, including the client, attorney, field service professionals, and local law enforcement while adhering to very specific compliance requirements mandated by the court, as well as local, county, and state ordinances. Eviction services include being conversant with all ordinances, assigning services to field professionals with the infrastructure to satisfy ordinance requirements, vendor scheduling confirmation, and proper documentation to support the completion of a successful eviction. Top5 Get to Know the Industry's Top Organizations

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