HIGH-TOUCH DEFAULT MANAGEMENT SERVICES

Phoenix Collateral Advisors (“PCA”) principals have decades of experience in default servicing of mortgages of all types.  PCA was founded in 2005 to assist a large global investment bank in managing a $1 billion portfolio of non-performing mortgage loans.

PCA maintains a deepspecializationin the areas of default loan servicing (Collections, Loss Mitigation and Timeline Management) and property disposition (Short-Sale, Deed in Lieu and REO).

Our default services include the following types of reviews:

  • Document Management
  • FC Attorney Management
  • Bankruptcy Management
  • Advance Reconciliation
  • Incentive Audits

BUILT ON EXPERIENCE

PCA principals have firsthand experience in servicing operations including all aspects of default management.   PCA principals have performed a number of default management projects for clients including:

  • Conducted collateral document inventory for a number of non-performing whole loan buyers including curing of collateral exceptions prior to loan boarding.
  • Provided ongoing surveillance of the default management to ensure that the servicer, attorneys and other vendors were adhering to best practices and efficient timelines. Provided attorney and servicer scorecards and benchmarking.
  • Provided ongoing surveillance of whole loan pools to ensure proper loss mitigation that met best practices, investor mandates and regulatory guidance.

REPORTING

PCA provides two types of reporting on all reviews including a report with detailed loan specific findings, exceptions and commentary. PCA also provides detailed observations about the loan, sample population, and overall commentary and recommendations.

 

TECHNOLOGY

PCA developed and offers its clients a proprietary interactive web-based technology platform with fully capable asset management and reporting capabilities. This secure technology is web-based and quickly integrates Servicer data files, which can contain hundreds of fields to create a near real-time reporting package. The reporting suite includes over 70 individual reports.