Residential Mortgage Solution (“RMS”), a specialty finance company, has acquired more than $1.3 billion UPB of troubled residential mortgage assets, including both first and second lien mortgages and REO properties and co-manages over $49 Billion in assets.
RMS’ loan servicer surveillance process and its REO Asset Management have resulted in reduced loss severity results for its owned portfolio that are almost 50% better than the subprime ABX index (30% for RMS vs. 55% for ABX).
RMS now offers its proprietary servicer surveillance and oversight solution to mortgage institutions whose servicing operations and 3rd party servicers may benefit from a higher degree of surveillance, oversight and proactivity. RMS’ experienced advisors and innovative technology deliver value-added loan servicer surveillance and REO Asset Management. RMS monitors and manages all aspects of the loss mitigation, foreclosure, bankruptcy and REO liquidation process with loan-level monitoring and decisioning utilizing a “Servicing Arbitrage” approach to mitigate loss and maximize returns on investment.