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.