Strategic Recovery Group LLC, a Plano, Texas-headquartered national mortgage asset recovery company, has launched a new special servicing unit, Acqura Loan Services, to meet the growing needs of lenders, hedge funds and investors in distressed debt.
‘At this stage in the credit cycle, lenders, Wall Street and MBS/ABS investors realize they are facing a triple threat: the prospect of recession, the credit/liquidity problems and falling home prices,’ explains David Vida, CEO of both Acqura and Strategic Recovery Group. ‘What investors and issuers are looking for now are focused innovative partners who can commit to higher service levels and deliver experienced asset managers and the latest technology to achieve better outcomes for both borrowers and investors.’
Acqura, which began hiring personnel and developing proprietary scoring and servicing technology in mid-2007, currently has three special servicing clients and provides end-to-end, high-touch specialized servicing. The company offers a full spectrum of servicing, loss mitigation and collection services to hedge funds, investment bank and lender clients, and creates a customized risk-management solution for each of its clients.
The firm adds that it has developed proprietary borrower risk modeling, known as Borrower Risk Factors, to score loans as they are boarded. This scoring is used to predict the level of loss mitigation that will be required and to assign the loan to the best team to handle it.
