Field Asset Services Leverages Experience With Government-Sponsored Enterprises to Drive New Business

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Leading Mortgage Field Services Company Helps Newest Client Navigate Complex GSE Standards and Guidelines

In addition to our background servicing GSEs, the seamless integration provided by our technology platform was an important factor in our client’s decision to go with FAS given the significant cost and time-saving benefits.

Field Asset Services (FAS), the nation’s leading provider of pre-foreclosure, REO and renovation field services to the mortgage servicing industry and residential housing investors, today announced that the company has begun working with a new client that will utilize FAS’s expertise with government-sponsored enterprises (GSE).

FAS will help its client manage the complexities involved with servicing GSEs to ensure that all standards are met for the client’s work involving inspections, pre-foreclosure and REO properties. FAS’s significant experience and high level of expertise in understanding and managing GSE guidelines was a key contributor in the selection decision. By closely managing the process required in servicing GSEs, FAS will mitigate their client’s risk.

Additionally, with an efficient on-boarding process and scaling to meet its client’s specific needs, FAS is able to deliver immediate value in leading its client through the complex process of managing strict GSE regulations. FAS maintains a sound vendor network across the country providing full coverage in all 50 states.

“In addition to our background servicing GSEs, the seamless integration provided by our technology platform was an important factor in our client’s decision to go with FAS given the significant cost and time-saving benefits,” said Dale McPherson, president and CEO of Field Asset Services. “Our ability to quickly integrate systems and provide effective communication, that’s both accurate and timely, has provided early success in our partnership, and we look forward to working more together as we enable our client to effectively deliver its services throughout the country.”

About Field Asset Services

Field Asset Services (FAS), a subsidiary of FirstService Corporation (NASDAQ: FSRV), is the premier Property Preservation, REO Maintenance and Repair Services company in the United States, servicing more than $10.8 billion in residential assets on behalf of its clients. FAS works with 30 mortgage and asset management clients nationwide, servicing more than 130,000 active properties on a recurring basis. For more information about FAS, please visit http://www.fieldassets.com.

About FirstService Corporation
FirstService Corporation is a global leader in the rapidly growing real estate services sector, providing a variety of services in commercial real estate, residential property management and property services. As one of the largest property managers in the world, FirstService manages more than 2.3 billion square feet of residential and commercial properties through its three industry-leading service platforms: Colliers International, one of the largest global players in commercial real estate; FirstService Residential Management, the largest manager of residential communities in North America; and Property Services, one of North America’s largest providers of property-related services delivered through franchise and contractor networks.

FirstService generates over $2.3 billion in annual revenues and has more than 23,000 employees worldwide. More information about FirstService is available at http://www.firstservice.com.

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Thomas Aitchison
Field Asset Services
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