Contact Information: Contact: Dan Mahoney www.csg-pr.com 970-405-8060
The National Groups Launches "At Risk" Borrower Services Program
Company Expands Modification, Short Sale, and Valuation Service Program
| Source: The National Groups
GLASTONBURY, CT--(Marketwire - September 15, 2009) - The National Groups, the parent company of
the National Default Servicing, LLC suite of mortgage service operations,
announced today a full
roll-out of its Modification and Short Sale Fulfillment Program.
National Collections & Loss Mitigation Services, LLC, The National Groups'
full-service default management firm, has begun providing its default
fulfillment services to government agencies as well as institutional and
private mortgage investors and servicers.
"The full
roll-out of this program is an effective response to the volume of
distressed borrowers under President Obama's Home Affordable Modification
Program (HAMP) and the significant increase in foreclosed and Real Estate
Owned (REO) properties nationwide," says Larry Bird, Chief Operating
Officer of The National Groups. "Our 25-year history in the Real Estate and
REO special servicing industries uniquely positions The National Groups to
lead the charge under the HAMP initiative while offering effective and
timely program execution to a default industry that desperately needs it."
The National Groups provides a full suite of customizable default services
through an aggressive utilization of flexible technology, including ISIS,
the firm's proprietary web-enabled default solution and data warehouse. In
addition, The National Groups utilizes third-party default management
software solutions like REOTrans, a leading provider of asset, vendor, and
REO management software, and DRI, a leader in default management solutions,
by client request. Both strategic partners provide The National Groups an
integrated process flow around Loan Modifications, Short Sales, Deed in
Lieu of Foreclosure, and REO processes. The National Groups, which
partnered in the development of DRI's HAMP platform, has fully trained its
representatives on both firms' applications.
As part of the Program
roll-out, The National Groups is reintroducing its full valuation suite of
products offered through National Valuation Services, LLC, a nationwide
provider of all types of valuation products and valuation quality control
services.
"Today, it's all about expertise and quality control," said Bruce
Wentworth, Senior Managing Director of The National Groups. "Whether it's
an appraisal, a broker price opinion, or an automated value product, we're
constantly reviewing our skill set and value proposition."
With corporate headquarters in a new state-of-the-art office complex in
Glastonbury, Connecticut and a west coast operations center in San Diego,
California, The National Groups is set to serve every time zone of the
country.
About The National Groups
The National Groups, LLC is a single source provider of default and
servicing related solutions to the real estate industry, providing a
seamless and cost-effective integration of valuation, loss mitigation, and
default management services. The National Groups collection of companies
leverages the strengths of National Default Services, LLC, an outsourcer of
asset management, marketing, and disposition of REO properties held by
government agencies, institutions, and private investors, National
Collections & Loss Mitigation Services, LLC, a full-service default
management firm with specializations in short sale and modification
services, National Valuation Services, LLC, a nationwide provider of all
types of valuation products and valuation quality control services, and
National Closing, Escrow, and Title Services Inc., a licensed and regulated
closing and escrow services firm.