September 01, 2011

MountainView Is Successful Bidder in Sale of $282 Million FDIC Portfolio of Single Family Residential Mortgage Loans

MountainView Capital Holdings, LLC today announced that MountainView Public Private Investment I, LLC (“MountainView”) was the successful bidder in the sale of 1,453 single family residential mortgage loans by the FDIC. The loan portfolio is from 48 failed bank receiverships and has an unpaid principal balance of approximately $282 million. The FDIC, in its receivership capacity, will retain a 60% interest in the portfolio.

The FDIC conducted the sale through a competitive auction held on August 9. MountainView closed the acquisition of the portfolio on September 1 in conjunction with Statebridge Company, LLC, the Denver-based special servicer that will be utilized to service the loans. Geneva House, LLC, an affiliate of Statebridge, is co-investing with MountainView as a minority investor.

January 29, 2010

Statebridge Teams with American Legal and Financial Network to Form Select Network of Mortgage Banking Attorneys

Statebridge Company, a Denver-based provider of custom, high-touch special loan servicing for the mortgage industry, has partnered with American Legal & Financial Network to form a 50-state network of mortgage banking attorneys to assist with its loan servicing efforts.

Statebridge was founded on the principle that a combination of technology, deep industry experience, custom borrower touch, and a contrarian view of servicing makes a positive difference in the performance of mortgage portfolios.

“We built this operation from the ground up with one thought in mind: What is best for the investor and fairest to the borrower?” said David McDonnell, Managing Director of Statebridge. “While there are many legal providers in our industry today, membership within Statebridge’s Select Attorney Network verifies the attorney is 100% committed to that business philosophy and our high-touch approach.”

August 18, 2009

Mortgage Industry Gains New Category of Servicing with Launch of Statebridge

Integrated Asset Services®, LLC (IAS®), a leader in default management and residential collateral valuation, announced today the launch of Statebridge. The new company will provide custom, high-touch investor-focused servicing for the mortgage industry.

Statebridge’s risk-based servicing will introduce a new adaptive approach designed to optimize investor success through tailored, high-touch servicing that maximizes return on performing and non-performing loans. This new approach to servicing was developed by the team that helped create the market for independent surveillance of mortgage securities.

“Statebridge is defining a new category, “investor-focused servicing”, for the mortgage industry”, said Dave McCarthy, President and CEO of Integrated Asset Services. “In association with IAS’ valuation and REO capabilities, Statebridge will be the only servicing company to provide a ‘one-stop shop’ for mortgage servicing that is intensely focused on the needs of investors that have grown out of this new mortgage environment.”