SOURCE: The National Groups

The National Groups

September 15, 2009 08:00 ET

The National Groups Launches "At Risk" Borrower Services Program

Company Expands Modification, Short Sale, and Valuation Service Program

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.

Contact Information