Kondaur Capital Corp., a purchaser of loans with regulatory, underwriting or performance issues, has formed a special team called Combat Loss Mitigators (CLMs) to meet current challenging conditions in the mortgage marketplace. CLMs have been deployed to turn around problem loans and portfolios.
With over 75 years of collective experience in all phases of mortgage banking among its top-tier executive leadership, Kondaur's most senior CLMs are well-positioned to create the sophisticated solutions that are vital to the survival of both borrowers and lenders in the current market, the company says.
"These unprecedented times have created a need for the combination of excellent default management skills - including, without limitation, loan origination and real estate owned liquidation expertise - and experience that defines these Combat Loss Mitigators," explains Jon Daurio, chairman and CEO of Kondaur.
MortgageOrb.com - May 19, 2008