Company Launches Special Servicing Unit

Strategic Recovery Group LLC, a national mortgage asset recovery company based in Plano, Texas, has launched a special servicing unit, Acqura Loan Services, to meet the growing needs of lenders, hedge funds, and investors in distressed debt. Acqura, which began hiring personnel and developing proprietary scoring and servicing technology in mid-2007, offers a full spectrum of servicing, loss mitigation, and collection services and creates a customized risk-management solution for each of its clients, the parent company said. "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. "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."