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Distressed Loan Servicer Reports Phenomenal Growth

Wingspan quadruples employees over past year

Feb. 21, 2012

By MortgageDaily.com staff


A mortgage servicer that specializes in distressed loans has seen its staff nearly triple over the past six months.

Wingspan Portfolio Advisors was launched in 2008 by Chief Executive Officer Steve Horne. By October 2009, Horne employed 39 employees.

As of last September, headcount at Wingspan Portfolio Advisors had grown to 500, Horne said in an interview with Mortgage Daily at the time.

Today, staffing at the Dallas-based company has grown to more than 1,400 people, according to an announcement Tuesday

"In addition to launching four new subsidiaries over the past 12 months, Wingspan has quadrupled its number of employees and has leased a second building to meet the needs of its clients, which include banks, investors, mortgage insurers and real estate agents throughout the U.S.," the statement said.

Horne attributes the growth to the company's ability to deliver customized solutions that address challenges in the economy.

"Spending lots of time talking to borrowers is not typically something the primary servicers are able to do, based on their basic business models and compensation structures," Horne stated in the announcement. "But it's precisely what we do, and that fits perfectly with the requirements of getting consumer issues resolved."

The news release touted several business operated by Wingspan including a technology service provider, a real estate network and an insurance business.

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