DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.
Issue link: http://digital.dsnews.com/i/910243
54 Asset Management Guide SPECIAL ADVERTORIAL SECTION CORPORATE DETAILS: 8742 Lucent Blvd. Highlands Ranch, CO 80129 | propertysolutions@computershare.com | clsps.us COMPANY DESCRIPTION: Accurate, engaged and experienced, Property Solutions, part of the Computershare Group, is a leading resource for collateral valuation, title, and asset management services. Serving investors, servicers, and originators in the mortgage industry, we offer a full suite of products and services, including appraisals, broker price opinions, reconciliations and reviews, hybrid appraisals, property condition inspections, automated valuations, property preservation, asset management, title lien release/ assignments, and more. COMPANY HISTORY: Backed by a robust team of industry experts with decades of experience, the Property Solutions team offers investors and residential lenders valuation products and services, asset management, and title services nationwide. All products and services are available as standalone solutions as well. REGULATORY COMPLIANCE: Training at Property Solutions: » Intensive orientation training and annual certification of all employees » New hires receive approximately 40 hours of training » Existing employees receive approximately 40 hours of annual training » Requirement to pass all regulatory training by exam with 90 percent or better » Centralized knowledge base for company policies and job aids Independent Internal Audits: » Independent evaluation of controls » Assesses adequacy of control design and effectiveness » Includes all material mortgage-servicing operations » Dedicated resources experienced in risk and control evaluation and mortgage servicing operations KEY FEATURES/BENEFITS: Property Solutions manages investor-owned assets, coordinating property preservation, eviction, marketing and sales for its clients' properties specifically, and offers security and preservation of assets to prevent damage. When appropriate, we will manage the eviction process and register vacant properties directly with nationwide network of third-party realtors, ensuring clients' assets are priced, marketed, and sold to reduce loss to the investor. WHAT ARE YOUR KEYS TO SUCCESS: Property Solutions' innovative approach and robust service offerings allow the company to take on the unique needs of any REO portfolio regardless of type, size or complexity. The Property Solutions team has earned industry recognition for its services and integrated business model. Success hinges on delivering a higher standard of service, faster turn-times and SLA adherence, as well as a superior network of real estate professionals ensuring enhanced client satisfaction. WHAT SETS YOU APART FROM YOUR COMPETITORS? In addition to Property Solutions, parent company Computershare owns three other companies as part of the Computershare Loan Services business: Capital Markets Cooperative LLC, Altavera Mortgage Services LLC, and Specialized Loan Servicing LLC. Through these four companies, Computershare Loan Services provides end-to- end solutions to the mortgage industry. » Full Service – End-to-end REO asset management, including premarket, maintenance, eviction, marketing, compliance, closing, vendor management, and property management. » Results – Accelerated liquidation timelines, minimized portfolio risk, maintained value and high net recovery, and best performance across preferred provider, and agent networks. » Key Metrics – Best-in-class service across many metrics, including length of asset in inventory, time-to-list properties, time to contract, eviction rate, percent closed, greater than 180 days on market, net return to sales price, average sales price to list price. » Measure & Controls – Even with tight controls, Property Solutions is flexible, fast, and accurate; analyze a constant stream of data points and corrects courses in an ever- changing environment. » System – Property Solutions' value systems and automation are not only for controls, but to allow the team the maximum amount of time for strategic planning at an asset level. » Maximized Value – Focused on fiduciary responsibilities and maximum value to clients by minimizing cost, mitigating risk, and obtaining the best price possible. » Nationwide Network – Pricing contracts negotiated with a proven network of nationwide REO service providers. » Transparency – Full visibility to all assets, documents, and processes on web-based operations platform. WHAT INDUSTRY AWARDS, ACCOLADES, AND MILESTONES HAS YOUR BUSINESS ACHIEVED? » Jim Smith, President of Property Solutions, recently received his Certified Mortgage Banker (CMB) designation. The CMB designation is the industry standard of professional success. It symbolizes respect, credibility, ethics, and achievement within real estate finance. » Tony Pistilli, Chief Appraiser for Property Solutions, is one of the most recognized leaders in the valuation space. In addition to being an AQB Certified USPAP Instructor, Pistilli is the recipient of the first "Valuation Visionary Award" given by the Collateral Risk Network (CRN) in 2011. PROPERTY SOLUTIONS, PART OF THE COMPUTERSHARE GROUP KEY PERSONNEL Jim Smith President Chris McLain SVP, Business Development Ron Rooney SVP, Mortgage Operations Margie Fagan VP, Asset Management Jason Tayler VP, Client Relations NUMBER OF EMPLOYEES: 48 GEOGRAPHICAL SCOPE AND COVERAGE AREA: Nationwide BUSINESS LINES, SERVICES, AND PRODUCTS: Property Solutions provide clients access to solutions for asset management, property preservation, and vacant property registration. Comprehensive suite of services supports both default and post-foreclosure assets. Property Solutions is an AMC and growing network of field experts offers accurate, timely solutions its clients have access to national coverage with local market intelligence for more informed investment decisions.