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» VISIT US ONLINE @ DSNEWS.COM 55 SPECIAL ADVERTORIAL SECTION Risk Management/Due Diligence RRMS ADVISORS CORPORATE DETAILS: 56 West 45th Street, New York, NY 10036 | rrmsco.com SERVICE CATEGORIES & CORE COMPENTENCIES » Provider of Litigation Discovery & Expert Witness Support Services » Consulting & Advisory Service Provider, Specializing In: » Mortgage Servicing Operations & Process Improvements » Internal Mortgage Servicing Operational Audits » CFPB / Regulatory Servicing Compliance » Mortgage Servicing Oversight & Vendor Compliance Surveillance Field Audits » Risk Management, Loan Audit, Quality Control & Repurchase Reviews » Default Management Process Analysis & Foreclosure Processing » Mortgage Servicing Platform Acquisitions & Servicing Portfolio Due Diligence » Forensic Re-Underwriting & Due Diligence » MSR / Portfolio Valuation Services » REO Asset Management » Development of Policies & Procedures for all Mortgage Operational areas COMPANY DESCRIPTION » Leader & recognized nationwide mortgage servicing expert for over 3 decades. » Hands-on practitioners focused on execution & practicality. » NO outsourcing to 3rd parties. » Lead testifying expert on landmark mortgage servicing matters & settlements [i.e. the $8.5BN Bank of America (BofA) settlement with mortgage investors, the largest private RMBS settlement to date]. » Provided advisory services for several of the largest bankruptcies & liquidation events in the industry. » Experience with banks, trustees, insurers, investors, servicers & applicable legal counsel. COMPETITIVE DIFFERENCE » Minimal 'ramp-up' time for new engagements - fully scalable, with immediate access to a nationwide staff of experienced professionals. » Senior management team with 80+ years of combined & diversified mortgage operational & securitization experience. » No legacy affiliations with firms that sold or originated mortgage loans prior to the 2008 financial crisis. » Experienced testifying experts in loan servicing, securitizations, originations & credit. » Diversified deposition experience. » Strong experience in developing expert reports & opinions to drive settlements. SIGNIFICANT ACHIEVEMENTS Securitization Loss Settlement: » Retained as expert witness for landmark $8.5 Billion BofA settlement relating to MBS claims issued for 530 mortgage securitization trusts. » Participated in several depositions & provided formal court testimony. » Led performance of on-site audits & due diligence reviews of specialty loan servicers nationwide. » Recommend transfer of high risk assets to qualified specialty loan servicers. » In March 2015, NYS appellate court approved the $8.5BN settlement in its entirety. Mono-Line Insurer Loss Claims: » RRMS reviewed servicing practices to ensure proper protocols were followed in line with contractual requirements & industry 'best practices' designed to reduce loss severities & minimize borrower defaults. » Forensic loan servicing sample file reviews performed for a population of over 30,000 loans. » Damages associated with negligent practices & contractual violations identified. » Out-of-court settlement resulted, based upon the indefensible & indisputable facts presented in RRMS' expert opinion. Bankruptcy Loan Liquidation Valuations: » RRMS retained to complete forensic reviews of loan origination & loan servicing files relating to several major bankruptcy proceedings to determine negligent or unrea- sonable practices undertaken by originators and servicers. » Created valuation methodology for calculation of asset liquidations. » These valuations subsequently reviewed & approved by trustees, & became the basis for final trust asset liquidations. System Implementation to Facilitate Loan Servicer Audits & Tracking: » Assisted the FHLBNY to assist with digital implementation of an automated system for performance of annual member bank audits. » Beta system testing performed & process efficiencies identified from servicer field audits. » Resultant recommendations made by RRMS to improve user friendliness of loan issuance templates, reporting & correspondence. » Additional recommendations made to facilitate adherence to loan program principles & inter-agency guidelines for GSEs. Forensic Loan Servicing & Underwriting Reviews: » Sample forensic loan file reviews performed for clients to identify negligent and / or affirm reasonable practices. » Forensic file reviews performed to identify protocol breaches with appropriate underwriting guidelines, servicing requirements & regulatory rules. » Negligent practices & guideline violations identified. » Affirm and/or rebut unreasonable claims and practices. » Indefensible and indisputable findings & facts presented by RRMS resulted in separate out-of-court settlements. KEY PERSONNEL Allen Gutterman Partner and Managing Director 917-417-8172 agutterman@rrmsco.com Brian Lin Partner and Managing Director 212-843-9413 blin@rrmsco.com Vincent Spoto Partner and Managing Director 212-843-9159 vspoto@rrmsco.com DESIGNATIONS » Member of the National Mortgage Bankers Association » Member of the Small Business Association (SBA) » Certified by the SBA as a Minority Owned Business » Approved Government Services Administration (GSA) Vendor KEYS TO OUR SUCCESS » Boutique, nimble, creative & tactical. » Well established relationships; extensively networked throughout industry. » Credible & reliable mortgage industry experts, with numerous publications; frequently sourced & used as a benchmark for performance. » Honesty, integrity & longevity. » Strong focus on metrics & Key Performance Indicators (KPIs). » Consistent focus on internal control, compliance & risk management. » 'Roll-Up' your sleeves style focused on execution & performance.