Skip to main content

Statebridge partners with American Legal & Financial Network to form network of mortgage banking attorneys

NationalMortgageProfessional.com
Jan 26, 2010

Statebridge Company, a Denver-based provider of custom, high-touch special loan servicing for the mortgage industry, has partnered with American Legal & Financial Network to form a 50-state network of mortgage banking attorneys to assist with its loan servicing efforts. Statebridge was founded on the principle that a combination of technology, deep industry experience, custom borrower touch, and a contrarian view of servicing makes a positive difference in the performance of mortgage portfolios. “We built this operation from the ground up with one thought in mind: What is best for the investor and fairest to the borrower?” said David McDonnell, managing director of Statebridge. “While there are many legal providers in our industry today, membership within Statebridge’s Select Attorney Network verifies the attorney is 100 percent committed to that business philosophy and our high-touch approach.” Statebridge servicing specialists are assigned to a particular loan throughout its lifecycle, resulting in improved loan performance and highly satisfied clients. The firm’s clients can call Statebridge, speak to their assigned servicing specialists, and have an informed conversation about what is happening with their loans. Borrowers can do the same. “Our servicing model is different,” McDonnell says, “we are not afraid to roll up our sleeves, dig into a loan file and gain a firm understanding of the borrower’s situation to develop a successful servicing strategy that meets our client’s requirements. We look for the same type of commitment we make to our borrowers and clients from the attorneys we select for our network.” “Teaming up with Statebridge and its unique approach to loan servicing affords our member attorneys the opportunity to excel in all that they do,” said William LeRoy, president and CEO of American Legal & Financial Network. “By working in concert with the Statebridge team we can help to raise the mortgage loan servicing industry’s bar in risk avoidance, quality legal services, and overall excellence.” For more information, visit www.statebridgecompany.com or www.e-afn.org.
Published
Jan 26, 2010
Mortgage Forbearance Changes Create Challenges for Servicers

65% Of All Plans Would Expire By The End of 2021

Regulation and Compliance
Aug 02, 2021
CFPB Reports Trends In Financial Assistance

The latest developments from this study reveal that most consumers have exited the payment assistance they received at the start of the pandemic.

Analysis and Data
Jul 14, 2021
CFPB Orders GreenSky To Refund $9M In Unauthorized Loans

The consent order requires GreenSky to refund or cancel up to $9 million in loans for the customers harmed by this illegal conduct.

Regulation and Compliance
Jul 13, 2021
CFPB Warns Landlords And Consumer Reporting Agencies To Report Accurate Rental Information

Inaccurate rental or eviction information can unfairly block families and individuals from safe, affordable housing.

Regulation and Compliance
Jul 01, 2021
FHFA Mandates Quarterly Fair Lending Reports

FHFA issued orders for all enterprises to submit quarterly Fair Lending Reports with data and information to improve the FHFA’s capabilities. 

Regulation and Compliance
Jul 01, 2021
FHFA Follows CFPB To Protect Borrowers Once COVID-19 Foreclosure And Eviction Moratoriums End

The Federal Housing Finance Agency made it clear that Fannie Mae and Freddie Mac servicers are not permitted to make first notice or filing for foreclosure that would be prohibited by the CFPB protections for borrowers affected by COVID-19.

Regulation and Compliance
Jun 30, 2021