Contact Information: Contact Information: Dan Mahoney www.csg-pr.com 970-405-8060
IAS Rolls Out Groundbreaking Due Diligence Service for Mortgage Industry
'Forensic' Approach Designed to Restore Confidence and Liquidity to Battered Mortgage Market
| Source: Integrated Asset Services
DENVER, CO--(Marketwire - February 5, 2009) - Integrated Asset Services, LLC (IAS), a leader
in default management and residential collateral valuation, introduced
today iCDA™ Credit Due Diligence Analytics
(http://www.iasreo.com/icda.html), a revolutionary package of full service,
end-to-end due diligence for the mortgage market.
iCDA Credit Due Diligence Analytics delivers what IAS calls a "surgically
precise" review of borrower credit worthiness, collateral valuation, and
compliance for loan buyers. The company expects hedge funds, mutual funds,
private investors, government agencies, ratings agencies, and mortgage
originators and service providers to benefit from this innovative approach
to due diligence.
"The dynamics of this mortgage market require forensic analysis and the
need for transparency in every loan portfolio," said John Coughlin, VP of
Capital Markets for Integrated Asset Services. "iCDA is designed to expose
both the risk and merit of an asset beyond the historic origination and
compliance guidelines. Using our suite of analytic tools to forecast
performance, we can identify exit strategies and recommend loan
modifications and repayment plans for your assets."
The iCDA mortgage due diligence process goes well beyond the traditional
loan origination review of credit and collateral characteristics to include
a forensic review of the borrower and collateral. Through its advanced
technology, iCDA integrates its native i-Series® suite of valuation
services with the industry's leading service providers.
"We've combined IAS's expert default professional services with innovative
new technology and a few key alliances to provide a robust, single-source
solution," says Robert Vanderbilt, First Vice President for Integrated
Asset Services. "ICDA's inward and forward-looking analytics will provide a
deeper level of mortgage due diligence transparency than the industry ever
thought possible."
The IAS service is fully customizable to meet any client's unique
requirements, including specific guidelines, data capture, and reporting
requirements. iCDA diligence teams are comprised of a Deal Manager, Lead
Underwriter, Quality Control, and Underwriters from inside the special
servicing platforms who collectively ensure the quality, accuracy, and
timeliness of each transaction.
"We have to think the integrity of our approach and the fullness of our
product will go a long way toward getting the mortgage market moving
again," said Vanderbilt.
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.