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Due Diligence Business Launches

Mortgage News

The launch of a due diligence business promises to help mortgage firms deal with delays in foreclosure timelines and increased secondary market activity.

A new division has been launched by Wingspan Portfolio Advisors, a news release Monday said. The business will provide due diligence, servicer surveillance and high-touch default advisory services.

The Dallas-based company is operating the unit from a new office in Denver. A new management team led by former AMRE Solutions president Ryan Lilly has been established to run the business.

Wingspan said that the service sectors handled by the division “are becoming increasingly critical for lenders and servicers in the demanding regulatory environment.”

Forensic file reviews, valuation services and single family rental oversight are among the new offerings available from the division.

Clients will also have access to a full range of default and post-acquisition support services on a national basis.

“Wingspan clients now have all of the key resources they need for every aspect of their businesses and no longer have to worry about scaling up or down for volume fluctuations, with all of the attendant costs,” Wingspan Chief Executive Officer and President Steven Horne said in the announcement. “We’ve got them covered.”

Lilly noted that Wingspan’s traditional support and innovative loss mitigation strategies will help clients address delays in foreclosure timelines and an increase in secondary market activity.

Wingspan is a Mortgage Daily advertiser.

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