SOURCE: Integrated Asset Services

Integrated Asset Services

August 18, 2009 08:30 ET

Mortgage Industry Gains New Category of Servicing With Launch of Statebridge

Investor-Focused Servicing Group Rounds Out IAS Suite of Mortgage Servicing Products

DENVER, CO--(Marketwire - August 18, 2009) - Integrated Asset Services®, LLC (IAS®) (www.iasreo.com), a leader in default management and residential collateral valuation, announced today the launch of Statebridge. The new company will provide custom, high-touch investor-focused servicing for the mortgage industry.

Statebridge's risk-based servicing will introduce a new adaptive approach designed to optimize investor success through tailored, high-touch servicing that maximizes return on performing and non-performing loans. This new approach to servicing was developed by the team that helped create the market for independent surveillance of mortgage securities.

"Statebridge is defining a new category, 'investor-focused servicing,' for the mortgage industry," said Dave McCarthy, President and CEO of Integrated Asset Services. "In association with IAS' valuation and REO capabilities, Statebridge will be the only servicing company to provide a 'one-stop shop' for mortgage servicing that is intensely focused on the needs of investors that have grown out of this new mortgage environment."

Responding to changing industry expectations and demands, Statebridge was founded on the principle that a combination of technology, deep industry experience, custom borrower touch, and a contrarian view of servicing can make a significant difference in the performance of mortgage portfolios. Company executives created the firm's servicing practices from the ground up, relying on years of experience in overseeing hundreds of servicers and roughly three trillion dollars worth of mortgages.

"Statebridge is not a company that believes in doing things one way because that's how they've always been done," said Kevin Kanouff, President of Statebridge. "We work closely with our clients to create a servicing strategy unique to their investment philosophy for the greatest return. We treat borrowers with respect and our clients' assets as if they were our own."

The company has been designed to provide custom special servicing of both distressed and non-distressed mortgages. In addition to unbiased service advice on existing mortgages, Statebridge experts are equipped to offer collateral analysis, fiduciary review, pool level analysis, and pricing advocacy for new investments in mortgages.

With the Statebridge launch, the IAS suite of mortgage servicing products, which already includes REO management and disposition, collateral valuation, conditioned valuation, and mortgage due diligence, will effectively bridge the entire loan life cycle.

"Our attitude is that there should always be a solution that is in the best interests of both the borrower and the investor," said Kanouff. "We're looking forward to our association with IAS and its 'no excuses' philosophy to bring complete and exceptional solutions to the residential asset management industry."

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.

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