Irving, TX (PRWEB) February 21, 2013
BSI Financial Services, Inc. (BSI Financial), a privately-held financial services company engaged primarily in servicing residential mortgage loans has been selected by NY Mortgage Trust, Inc. and Headlands Asset Management, LLC (Headlands) to be the mortgage servicer for NYMT Residential 2012-RPI, Asset-Backed Notes Series 2012-PRI.
“BSI Financial presented the best servicing option for Headlands Asset Management,” said Mieko Willoughby, President of Headlands Asset Management. “Over the course of our relationship with BSI, they have demonstrated the capacity and expertise for servicing complex loans with professionalism,” she added.
“We are very pleased that NY Mortgage Trust and Headlands Asset Management has selected BSI Financial after a very thorough evaluation process to service their securitized loan pool,” said Gagan Sharma, President of BSI Financial. “We look forward to applying our skills and resources to contributing to the financial performance of this investment,” he said.
“Our team of specialists has the training and infrastructure to properly service the securitized assets,” added Jerry Azure, BSI Financial Senior Vice President.
BSI will provide servicing on mortgages backed by 515 re-performing single-family residential loans in California, Florida, Maryland and Texas, having an aggregate unpaid principal balance of $92 million.
Recently, BSI announced that it had completed a major upgrade of its loan servicing platform to LoanServ from Fiserv, which allows BSI to provide a tailored servicing solution to its clients, including flexible loan remittance options, real-time loan monitoring and expanded default management, loss mitigation and due diligence services.
About BSI Financial
Led by a seasoned team of financial industry professionals, BSI Financial Services provides mortgage subservicing, default solutions, loan quality control and business process outsourcing services. Leveraging its global delivery model and 20 year performance track record, BSI offers clients customized solutions that improve service quality, lower costs and reduce turnaround time. An approved servicer with Fannie Mae, Freddie Mac, HUD, VA, Federal Home Loan Bank and several private investors, BSI was nominated for Servicer of the Year in the 2011 Mortgage Technology Awards competition. BSI Financial’s business operations are located in Titusville, Penn. and Irving, Texas. For more information, visit http://www.bsifinancial.com