Several affiliated firms have banded together under one brand to provide default servicing, loan modification and valuation services — among other things.
A news release today indicated the integrated businesses now operate as The National Groups.
Based in Glastonbury, Conn., the new company includes National Default Servicing LLC, “an outsourcer of asset management, marketing, and disposition of REO properties held by government agencies, institutions, and private investors.”
Also operating under the new brand is National Collections & Loss Mitigation Services LLC, which provides default management firm specializing in short sales and modifications; National Valuation Services LLC; and National Closing, Escrow and Title Services.
“The newly-formed structure will represent a seamless integration of every function necessary to manage both ‘at-risk’ borrowers and ‘value challenged’ real estate properties for institutional and private asset holders,” the statement said.
National claims it has been providing services to mortgage firms for almost a quarter century.
It hopes to capitalize on growing real estate owned activity and volume generated by the Home Affordable Modification program.
