PR - Strategic Recovery Group Launches Loan Servicing Business

Strategic Recovery Group, LLC, a national mortgage asset recovery company, has launched a new special servicing unit, Acqura Loan Services, to meet the growing needs of lenders, hedge funds and investors in distressed debt. The new division is based in Strategic Recovery Group’s headquarters in Plano, Texas.

"At this stage in the credit cycle, lenders, Wall Street and MBS/ABS investors realize they are facing a triple threat: the prospect of recession, the credit/liquidity problems and falling home prices," said David Vida, Chief Executive Officer of both Acqura and its parent, the Strategic Recovery Group, LLC. "What investors and issuers are looking for now are focused innovative partners, who can commit to higher service levels and deliver experienced asset managers and the latest technology to achieve better outcomes for both borrowers and investors."

Acqura, which began hiring personnel and developing proprietary scoring and servicing technology in Mid-2007, currently has three special servicing clients and provides end-to-end high-touch specialized servicing. Acqura offers a full spectrum of servicing, loss mitigation and collection services to hedge funds, investment bank and lender clients and creates a customized risk-management solution for each of its clients. The members of Acqura’s management team have an average of 20 years experience in mortgage finance, high LTV servicing, and debt recovery. Acqura’s asset managers, on average, have more than 12 years of experience.

The company has developed proprietary borrower risk modeling, known as Borrower Risk Factors (BRF), to score loans as they are boarded. This scoring is used to predict the level of loss mitigation that will be required and to assign the loan to the best team to handle it. On an ongoing basis, the entire population of loans is re-scored nightly to give the lender or investor insightful, up-to-date information. The company is also developing new more advanced predictive consumer behavior models tied to the underlying risks associated with borrowers and properties.

"Typically, loss mitigation begins when something bad happens," explained Mr. Vida. "Our approach will allow us to be more proactive in anticipating events, such as resets or deteriorating credit, and to establish a profile and, hopefully, a dialogue with the borrower before the situation escalates. Our high-touch approach is designed to encourage cooperation from the borrowers, and to offer them customized payment plans and loan modification options to help them stay in their homes, if they want to and can afford their payments."

Strategic Recovery Group, LLC, Plano, Texas has three primary businesses: Acqura Loan Services, Strategic Recovery Group and Go Financial, a high tech, online specialty mortgage company. Acqura, launched in 2007, offers end-to- end customized loss mitigation services and special servicing. Strategic Recovery Group, a 10-year old company, recovers charged off assets and distressed debt for lenders and investors.