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Fitch Affirms Statebridge Company, LLC’s U.S. RMBS Servicer Rating

Fitch Ratings has affirmed the following U.S. residential mortgage servicer rating of Statebridge Company, LLC’s (Statebridge) sub-servicer mortgage operations: –U.S. residential primary specialty-subservicer rating at ‘RPS3’; Outlook Stable. The rating affirmation and Stable Outlook are based on Statebridge’s effectively-managed growth strategy, experienced management team, and continued investment in systems, facilities, technology, and staff. In addition, […]

Mortgage Servicer Statebridge Announces Hire of Slate of Executives

Statebridge ”), a leader in residential mortgage servicing, announced today that it has hired four key executives as part of its growth strategy. The four executives are:  Garrett Groman – VP of Servicing & IT Operations  Jami Ignaz – VP of Investor Accounting and Investor Reporting  Aaron Kehn – VP of Borrower […]

Fitch Assigns Initial RMBS Servicer Rating to Statebridge Company

Fitch Ratings has assigned the following U.S. residential mortgage servicer rating to Statebridge Company, LLC’s (Statebridge) sub-servicer mortgage operations: –Initial U.S. residential primary specialty-subservicer rating ‘RPS3-‘; Outlook Stable. Statebridge was established in 2008 and is majority-owned by FrontRange Capital Partners, LLC (FrontRange), a private equity firm. Other key owners are Kevin Kanouff, chief executive officer […]

Mortgage Servicer Statebridge Announces Jay Memmott Hire

Statebridge, a leader in residential mortgage special servicing, announced today that it has hired Jay Memmott to be its President and Chief Operating Officer. On June 17, 2014, Statebridge announced that it has hired former Seterus President, Jay Memmott to serve as its President and Chief Operating Officer. Prior to joining Statebridge, Jay Memmott was […]

Mortgage Servicer Statebridge Announces Brad Young Hire

Statebridge, a leader in residential mortgage special servicing, announced today that it has hired Brad Young as its Director of Business Development. Mr. Young will be responsible for implementing the business development strategy for the continued growth of the company. Brad Young has served over 25 years in the mortgage finance/servicing industry. Prior to joining […]

Fast-Growing Mortgage Servicer, Statebridge, Announces New Financial Partner: FrontRange Capital

Statebridge Company, LLC (“Statebridge”), a leader in residential mortgage special servicing, announced today that FrontRange Capital Partners, LLC (“FrontRange”), headquartered in Denver, CO, has entered into an agreement to make a strategic investment in Statebridge. The size of the investment was not disclosed. Proceeds from the FrontRange investment will be used by Statebridge to: Repurchase […]