DS News - U.S. Bank

DS News Dec 2018

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50 Asset Management Guide SPECIAL ADVERTORIAL SECTION CORPORATE DETAILS: 10 Canal St., Suite 232, Bristol, PA 19007 | 866.832.1711 | Assero24.com | 24Companies.com (Miami-San Diego offices) COMPANY DESCRIPTION: Assero Services, LLC (Assero) is a full-service real estate provider managing all phases of default. Assero is part of the 24 Companies and, together with the team, has worked all aspects of the mortgage servicing industry over the last decade. The group's past performance and experience with GSEs, financial institutions, and mortgage companies nationwide provide the most robust platform industrywide. The principals and key personnel have combined over a century in proven experience managing 750,000 assets in all 50 states and U.S. territories. Assero operates its business from three regional offices in San Diego, Miami, and Philadelphia. Additionally, the team has built proprietary software, Visneta, which creates efficiencies and controls for creating continuous improvement and mitigating risk through transparency. The Visneta platform allows both staff and client a comprehensive grasp on real-time performance data, scorecards, and reporting. KEY FEATURES/BENEFITS: A secure technology platform designed to facilitate communication between the broker, asset manager, and client. The group has established an extensive nationwide network of real estate agents and REO brokers, and a broker scorecard system includes training, inspections, and meetings with all brokers. Assero's vetted and onboarded vendor network includes state licenses and E&O liability insurance verification. The team collaborates toward each client's specific selling-strategy goals at an asset level using review, feedback, and approval to develop a fluid strategy and monthly marketing plans. Back-office functions have complete internal accounting reconciliation with the client accounting team and robust reporting at loan- level, monthly, and quarterly intervals. WHAT SETS YOU APART FROM YOUR COMPETITORS? Assero's experience and relentless pursuit to evolve sets it apart from its competitors. Historically, asset-management numbers fluctuate with market conditions, but Assero has remained relevant by outperforming its competitors. The company's processes are scalable and have many different revenue streams that can be used to save clients money and give them the ability to lower their staffing requirements. The company utilizes multiple compensation plans that can be optimized to individual client prerequisites. WHAT ADDED VALUE DO YOU BRING TO YOUR CLIENTS? Assero's proprietary technology platform, Visneta, provides the ability to track many different tasks, metrics, and timelines to ensure fulfillment of all the client's requirements. It also reports any information that is captured about the project to the client on a daily, weekly, or monthly basis. The ability to pull and combine information allows the client to have more in- depth insight and custom analytics. One platform with one team can also bring a cradle-to-grave strategy. This strategy will handle an asset from the first day of delinquency until the exit strategy is fulfilled, delivering savings with one point of contact. WHAT ARE THE KEYS TO YOUR SUCCESS? The key to Assero's success is an ability to respond to both the client's and market's changing challenges rapidly. It is essential to understand that everyone manages assets differently. As the life of the portfolio goes through different cycles, there are various requirements that a client may need. Assero can make those adjustments as quickly as the client needs them, be it more execution or lowering the portfolio number. Assero also has the historical data and staff to make decisions on challenging assets. The partners are actively involved in the operations of each program. Relationships and partnership with the clients Assero serves provide a keen understanding of any program's requirements. Assero Services has been thoroughly vetted by the largest GSEs and financial institutions. Systems, compliance, processes, and documentation are in place, making the onboarding smooth for rapid startups. Regardless of portfolio size, Assero can manage 100 or 10,000 assets. The Assero team is ready to discuss how to assist you with your asset- management needs. ASSERO SERVICES KEY PERSONNEL Eduardo San Roman Partner Lee Mertins Partner Jim Hillsman Partner Brian Nisbet Partner Greg Seale Partner

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