Recovco Mortgage Integrates Into mTrade's Clean Room for Faster, More Efficient and Accurate Due Diligence

DALLAS, Feb. 14, 2018 /PRNewswire/ -- Recovco Mortgage Management, LLC -- a leading provider of residential and consumer loan fulfillment, due diligence, quality control, transaction management, and loan servicing solutions -- today announced that its mortgage and consumer loan platform is now fully integrated with mTrade's Clean Room, a whole loan acquisition system that makes the buying and selling of loans transparent and efficient.

As a result of this integration, Recovco's clients will have access to real-time information on loan status throughout the purchase and due diligence process via mTrade's Clean Room.  In addition, mTrade's clients gain ready access to Recovco, a fully affirmed Third-Party Reviewer for Residential Mortgage-Backed Securities and a National SAFE Act licensed fulfillment provider.

"This integration will reduce total acquisition time by several days, enhance loan quality and provide clients with additional, real-time information on loan status," said Lance Thoet, Managing Director at mTrade.

"By integrating Recovco onto the mTrade platform, we can collaborate with Clean Room users, and our clients can now send us bulk files electronically, quickly and with the data already normalized and extracted," said Craig Pino, President of Recovco.

"Clean Room allows for seamless and real-time exchange of loan files and due diligence findings between Recovco and our clients' platform, resulting in greater efficiency and accuracy," Pino said.

About mTrade

mTrade's Clean Room enhances buying and selling whole residential loans by providing an end-to-end loan acquisition system.  mTrade connects sellers, buyers and third parties into an organized network streamlining loan purchases and sales.  Clients experience tremendous added value through reduced cycle times, real-time information for decision-making and "clean" loan documents and data.

About Recovco Mortgage Management, LLC

Recovco Mortgage Management, LLC is a leading provider of residential and consumer loan fulfillment, due diligence, quality control, transaction management, and loan servicing solutions.  Founded in 2009 by a team of experienced mortgage professionals, Recovco provides mortgage and consumer loan originators, investors, servicers, and aggregators with the tools and solutions to help maximize their operations while reducing associated risks. 

CONTACT:
Thomas Walek 
Peaks Strategies
[email protected] 
917-353-7575  

SOURCE Recovco Mortgage Management, LLC

Related Links

http://www.recovcomortgage.com