The Dallas-based special servicer announced the launch of its new due diligence, servicer surveillance and default advisory services office, which will be located in Denver.
Wingspan said the Denver office and its management team will significantly enhance the firm’s capabilities in these industry service sectors, which are becoming increasingly critical for lenders and servicers in the demanding regulatory environment.
“Our servicers and investors benefit from a full range of services for all of their distressed loans and REO, along with complete loan fulfillment and other capabilities through Wingspan Lender Services,” said Steven Horne, president and CEO of Wingspan Portfolio Advisors.
“Wingspan clients now have all of the key resources they need for every aspect of their businesses and no longer have to worry about scaling up or down for volume fluctuations, with all of the attendant costs.”
In general, Wingspan’s new Denver office will provide due diligence, forensic file review, valuation services, single-family rental oversight, as well as default and post-acquisition support services on a national basis.
Ryan Lilly, one of the founders and former president of AMRE Solutions, will lead the expansion of this division. Lilly was also named senior vice president for Wingspan Portfolio Advisors.
“Our diligence platform was built to be the best at its business, whether in foreclosure management, rental oversight, due diligence, underwriting support and valuation, or in related technology,” said Lilly in a press release.
“With continued delays in foreclosure timelines and an increase in secondary market activity, Wingspan is poised to offer traditional support along with innovative loss mitigation strategies.”