Understanding The News: Joining With HUD

*Partnering Up With HUD*
**Emphasizing Loan Quality**

***As everyone talks about the new government program to get more underwater loans modified, here’s some more government news: Matt Martin Real Estate Management (MMREM), a provider of real estate services, including asset disposition, financial advisory, and mortgage loan loss mitigation services, has been awarded a multi-year contract with its prime contracting partner, STS-MAAG, to provide Mortgage Insurance Endorsement (MIE) processing services for the U.S. Department of Housing and Urban Development (HUD), Denver Homeownership Center (HOC).

****The Mortgage Insurance Endorsement contract was made as part of HUD’s ongoing efforts to ensure effective oversight documentation tied to mortgage loan origination. MMREM, in conjunction with STS-MAAG, will review FHA Case Binders, verify Computerized Home Underwriting Management System (CHUMS) data integrity, and validate all loan closing packages.

****“In partnering with STS-MAAG and FHA, we are helping to meet the US Government’s goals of ensuring proper due diligence on FHA’s growing insured loan portfolio,” said MMREM Vice President of Business Development Noah Martin. “Our Quality Management Solution will help mitigate data quality and process compliance issues and assist in the important effort of keeping HUD’s portfolio strong.”

****“MMREM is well positioned to help government agencies efficiently manage rapidly increasing transaction volumes while overlaying robust risk management programs,” said Andrew Reamer, MMREM president and COO. “MMREM’s experience providing compliant asset management and loss mitigation services in a rapidly changing housing landscape greatly enhances the government’s ability to stabilize neighborhoods on a national scale while reducing costs to the US taxpayer,” he said.

****Matt Martin Real Estate Management (MMREM) is a small business financial services firm focused on delivering financial services to commercial and government clients. The firm, established in 2004, offers asset disposition, financial advisory, loss mitigation and acquisition services. MMREM provides services nationwide through six offices located in Arlington VA (Headquarters), Dallas TX, Austin TX, Philadelphia PA, Irvine, CA, and Atlanta, GA. MMREM is strengthened by a diverse management team, each possessing over 10 years of experience in the financial services field.

****Structured Training Services Inc. (STS) – Mortgage Assistance and Acquisition Group (MAAG), incorporated November 1998, provides property preservation, marketing and outreach, and information dissemination training while continuing to provide information technology and business consulting services to the Federal Government and private sector. The management team has over 40 years of experience and knowledge in developing, implementing, and administering training programs. STS-MAAG is an 8(a) certified and Minority Woman Owned Business (MWOB).