Subservicer Adds Due Diligence to Its Menu
Master Financial plans to build upon its subservicing business by expanding its services to include "due diligence" and "niche" servicing.
To facilitate its growth plans, Master Financial has added a new business development manager, Sammy Long, to its staff.
Mr. Long said his goal is to continue Master Financial's commitment to outstanding customer service and introduce the company to potential clients while expanding Master Financial's menu of services.
Mr. Long told MSN that Master Financial is planning to market its due diligence expertise to help marketplace participants determine if a portfolio meets compliance standards and understand better the nature of the portfolio.
"What we are offering is to come in and take a look at portfolios for people who are thinking about acquiring a portfolio from another institution," he said.
While outsourcing due diligence services is not a new idea in the marketplace, Mr. Long said that Master Financial as a subservicer brings certain expertise to the business that other types of consultants might not have.
He said the company plans to offer its due diligence services on a national basis.
In addition, Master Financial plans to expand its brand presence as a subservicer into additional niche markets, such as high loan-to-value ratio loans and second liens, he said.
Mr. Long, whose background includes 11 years in financial services, said that Master Financial has a strong team devoted to subservicing.
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