Strategies For Mitigating Loss On Mortgage Loans Are Revealed In Free Podcast From Wingspan And NAFCU Services
STRATEGIES FOR MITIGATING LOSS ON MORTGAGE LOANS ARE REVEALED IN FREE PODCAST FROM WINGSPAN AND NAFCU SERVICES
WASHINGTON — NAFCU Services Corporation announced today the release of a new podcast titled “Best Practices to Mitigate Loss on Non-Performing Mortgage Loans.” The podcast features Steve Horne, founder, president and CEO of Wingspan Portfolio Advisors, the
NAFCU Services Preferred Partner for residential mortgage portfolio servicing and default solutions for credit unions.
The free, educational podcast is available at www.nafcu.org/wingspan.
“Wingspan and NAFCU Services created this podcast to address the critical need for credit unions to understand their options in effectively managing their mortgage portfolios and their members’ situations as well as creating a strategy to fully optimize a deteriorating mortgage loan portfolio,” says Horne.
In the podcast, Horne gives an expert view on the overall residential market today, trends in credit unions with respect to the residential market, best practices on how to deal with nonperforming mortgage loans, as well as key success factors and options for carrying out a successful strategy.
“With the residential housing market experiencing unprecedented levels of delinquent loans simultaneously with declining housing values, many credit unions are facing delinquent loan management issues that they have traditionally not experienced,” explains David Frankil, president of NAFCU Services Corporation. “Wingspan has a team with a wealth of experience in this specialized area and share learned proven strategies for understanding and dealing with a weakening mortgage loan portfolio that will help mitigate loss at any given credit union.”
About Wingspan Portfolio Advisors
Wingspan Portfolio Advisors of Carrollton, Texas, is a specialty servicing firm that applies advanced and highly specialized servicing techniques to turn non-performing loans into reperforming assets. The company was founded by Steven Horne, a highly experienced attorney
and an expert on servicing distressed assets. Wingspan Portfolio Advisors’ senior management team has over 125 years of collective specialty loan servicing experience, focusing on severely delinquent first and second mortgages for lenders, servicers and investors. In recognition of its successful use of advanced technology in conjunction with its next-level servicing methodologies, Wingspan Portfolio Advisors received the prestigious “Servicer of the Year” award from Mortgage Technology magazine for 2009-2010. For more information, visit
About NAFCU Services
NAFCU Services Corporation is a wholly owned subsidiary of the National Association of Federal Credit Unions (NAFCU). Since 1975, NAFCU Services has partnered with the industry’s leading solutions providers to offer value-added products and services at a discount to
credit unions. Currently, it offers 26 Preferred Partner programs to the credit union community, and maintains the credit union locator Web site, CULookup.com. For more information about NAFCU Services Corporation, please visit www.nafcu.org/nafcuservices.
# # #