IMS Adds New Clients to Asset Disposition and Management Services Division (ADAM)

Increased demand for loss mitigation services drives growth of company’s client base

TAMPA, Fla.--(BUSINESS WIRE)--Integrated Mortgage Solutions (IMS), a collateral protection resource for the mortgage servicing industry, announced today at the Mortgage Bankers Association’s National Mortgage Servicing Conference & Expo in Tampa the addition of two new clients to its Asset Disposition and Management Services™ (ADAM) division. The new clients have engaged IMS for borrower outreach and REO management services.

“Our continued and steady growth is directly related to our commitment to delivering exceptional client service”

Through ADAM, IMS continues to offer its loss mitigation services such as skip tracing, door-knocker, borrower outreach call center, notary service, short sale and REO management, as well as inspections and preservation, etc. IMS’ technology delivers scalability for its clients and real-time updates with electronic documents accessible via the Web site. Improving speed and accuracy in the loss mitigation process enables servicers to better assist distressed borrowers while also boosting their revenue.

“Our continued and steady growth is directly related to our commitment to delivering exceptional client service,” said Cheryl Lang, president of IMS. “IMS is focused on providing loss mitigation services that enable our clients to reduce costs and increase homeownership levels. Our clients benefit from an expedient and customized approach to loss mitigation service and are, in turn, able to offer distressed borrowers a vast array of workout options.”

According to the latest RealtyTrac U.S. Foreclosure Market Report, foreclosure activity dropped 10 percent in January 2009 -- although the January total of 274,399 was the fourth highest monthly total since January 2005 and still up 18 percent from January 2008.

IMS reaches out to the borrower and makes that soft contact on behalf of the servicer, separate and apart from a collection environment. By providing borrowers with a single, third-party point of contact throughout the loss mitigation process, IMS substantially increases the success rate of loss mitigation initiatives for the lender.

ADAM provides the lender with experienced asset managers in conjunction with IMS’ Web-based technology platform to customize a loss mitigation outreach and short sale approach based on the lender’s business model and manages the end-to-end processes. IMS’ unique short sale model will significantly expedite the closing process thus greatly increasing the chances that interested buyers will not be lost during a long approval process.

About IMS

Integrated Mortgage Solutions is the collateral protection resource for the mortgage servicing industry, offering loss draft, inspections and preservation, hazard claims processing, property repair, loss mitigation and consulting services. The company was created with the sole purpose of helping mortgage servicing companies handle defaulted and damaged properties efficiently and effectively by reducing costs, risks and administrative burdens. For more information about IMS, visit www.imstoday.com.