IMS Launches New Division

Integrated Mortgage Solutions of Houston, TX has launched Asset Disposition and Management Services, a new division created to further expand the company's ability to serve as a one-stop-shop loss mitigation center, ADAM, as executives call it, will help reduce short sale costs and increase process efficiency in times when lenders face rising real estate owned inventory costs. The goal is to list a property as sold and closed within 90 days. ADAM is an addition to what IMS already offers, such as loss draft, inspections and preservation, hazard claims processing, property repair, loss mitigation and consulting for mortgage servicers dealing with defaulted and damaged properties. "We are excited to offer a service we think is unique in the marketplace," IMS president Cheryl Lang said. "We are licensed to do so in 50 states and that calms a lot of the nerves as far as lawsuits go. We want to be that good neighbor who keeps the borrower in the house and helps avoid foreclosure, which is the best thing for everybody."