(212) 843-9158
LOSS MITIGATION & RECOURSE RECOVERY

A critical core competency of RRMS is the performance of diagnostic analysis on servicer operations in order to maximize asset performance and reduce loss severities relating to:

  • Residential Mortgage Servicing Practices and Compliance;
  • Commercial Mortgage Servicing Practices and Compliance; and
  • Consumer & Home Equity loan Servicing Practices and Compliance.

 

Loss Mitigation

  • Servicing Surveillance and Portfolio Loss Mitigation Strategies;

 

  • Creation and execution of audit plans;

 

  • Performance of workflow and process analysis:

 

    • Mapping foreclosure timelines,
    • Bankruptcy and REO procedures, legal document compliance and associated timelines, and
    • Related GAP analyses.

 

  • Utilization of proprietary processes to develop indefensible fact based opinions to support loss mitigation strategies;

 

  • Assessment and mitigation of recourse exposure, and establishing the infrastructure necessary to assess related exposures;

 

  • Designing iterative approaches to settling recourse exposures that encompass use of specific strategies which will be phased and transitioned as necessary (these approaches are not mutually exclusive);

 

  • Developing strategies based upon client objectives to mitigate potential civil and criminal liabilities;

 

  • Performing detailed forensic reviews, as necessary, and

 

  • Providing concise breach summaries to substantiate or dispel:

 

    • The validity of loan put-back claims,
    • Related damage claim assessments,
    • Insurance claims, or
    • Other fiscal claims or disputes.

 

RRMS Advisors is a specialty boutique firm that partners with clients to provide strategic advisory and asset recovery services related to investments in residential and commercial mortgage-backed instruments. RRMS Advisors is a GSA approved minority owned business contractor.