DHM Mortgage Servicing Selects SMART Servicing Software

DHM Mortgage Servicing LLC, a subsidiary of C12 Capital Management LP, has purchased a perpetual license of Steel Mountain Capital Management LLC (SMCM)'s Servicing Management Asset Recovery & Tracking (SMART) software. The SMART application is an asset-management tool that works in conjunction with a client's existing servicing system, according to the software provider.

The proprietary software application was developed over 15 years by a special servicer and principal purchaser of distressed assets. The software, source code and all rights of ownership were purchased in 2009 by SMCM and affiliate company Steel Mountain Homes LLC, which have continued to develop the software.

SOURCE: Steel Mountain Capital Management


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