DHM Mortgage Servicing selects SMART Servicing for asset management – NMP Skip to main content

DHM Mortgage Servicing selects SMART Servicing for asset management

NationalMortgageProfessional.com
Aug 25, 2010

SMART Servicing LLC has announced that DHM Mortgage Servicing LLC (DHM), a mortgage service provider that works with borrowers who are delinquent on their mortgage payments or are facing financial hardship, has purchased a perpetual license of its Servicing Management Asset Recovery & Tracking (SMART) software. The SMART application is an asset management tool that works seamlessly in conjunction with a client’s existing servicing system. SMART is a proprietary software application developed over a period of 15 years by a well-respected special servicer and principal purchaser of distressed assets. The software, source code and all rights of ownership were purchased in 2009 by Steel Mountain Homes LLC and its affiliate Steel Mountain Capital Management LLC (SMCM), who have continued to develop and enhance the software. “As a provider of loss mitigation services, we look forward to utilizing SMART’s comprehensive software across our organization,” said James Dooley, a principal at DHM. “We expect to leverage SMART’s technology to better enable our staff to more efficiently review and make asset level decisions.” Kelly Wayne Garland, a managing partner at SMCM, said, “SMART is designed to remove loan level decision barriers often found in traditional servicing systems and processes. As an owner and manager of [mortgage] assets, SMCM has enhanced SMART with real world experience, asset level transparency and tools that provide for swift and agile asset management decisions. We are very pleased that DHM has given Steel Mountain and SMART its vote of confidence and look forward to continued success with other prestigious partners like DHM.” For more information, visit www.steelmc.com.
Published
Aug 25, 2010
Equifax To Tell Lenders Of Potential Errors In Credit Scores

About 12% of customers may have been affected, according to a source.

Industry News
May 27, 2022
Lakeview Loan Servicing Faces Multiple Lawsuits Over Data Breach

At least a dozen civil lawsuits have been filed against the company, all seeking class-action status.

Industry News
May 26, 2022
Homepoint Rolls Out Jumbo ARM Loans

Homepoint's Jumbo ARM is a strategic addition to the company’s expanding jumbo portfolio.

Industry News
May 25, 2022
Planet Home Lending Expands in Oregon

New team in Portland focuses on construction lending in the Northwest.

Career
May 24, 2022
PennyMac Cutting 207 Jobs

A wide variety of positions are affected.

Industry News
May 24, 2022
Loan Officer Charged With Bank Fraud, Identity Theft

If convicted, she faces up to 30 years in federal prison on each bank fraud count and a mandatory consecutive 2 years’ imprisonment.

Industry News
May 24, 2022