Dallas-area mortgage servicing specialist, Wingspan Portfolio Advisors (Carrollton, Tex.), has been formed to now lenders and servicers beset by seriously delinquent loans. The service applies a borrower-focused servicing methodology and is aimed at mitigating losses and helping borrowers achieve full payment status. This results in "re-performing" loans for lenders who appeared unable to save the transactions from foreclosure.
The company was founded by and is led by servicing industry veteran Steven Horne, a lawyer who formerly served as director of Servicing Risk Strategy with Fannie Mae. Horne spent nine years as a partner with Sherman Financial Group, where he built three of the firm's most successful business lines, including a unit that purchased and resolved portfolios of delinquent mortgage loans.
Wingspan Portfolio Advisors aims to give servicers, investors and other stakeholders, such as mortgage insurance companies, a fighting chance to save loans that otherwise would have gone to foreclosure.
Peggy Bresnick Kendler has been a writer for 30 years. She has worked as an editor, publicist and school district technology coordinator. During the past decade, Bresnick Kendler has worked for UBM TechWeb on special financialservices technology-centered ... View Full Bio