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Overview
Recognizing the needs and requirements of both investors and mortgage servicers with respect to
default servicing and rapid asset recovery, Promisor has developed programs designed to quickly,
efficiently, and cost effectively provide immediate solutions to financial institutions
for each major area of asset recovery.
InterCede™ - a unique early default intervention program designed to eliminate a lengthy, expensive, and typically
adversarial foreclosure through a plan of actual home purchase at appraised value directly from an eligible borrower
whose loan would have likely gone through foreclosure and REO.
REO Management - a proven, powerful REO management and resale program for REO properties from
financial institutions that provides its clients with significantly reduced marketing
time and expense, thus achieving the highest possible net recovery of capital for each asset.
REO Purchase - a program that offers an immediate cash buyout for REO or corporate inventory portfolios,
thereby eliminating both non-performing assets as well as reducing corresponding reserve capital requirements.
Because the management of Promisor Asset Recovery has almost three decades of experience in providing financial
institutions with national asset recovery and asset management programs, its clients are afforded the most rapid and
cost effective recovery of non-performing assets available. In today’s competitive financial world, outsourcing through
Promisor provides the desired cost savings sought combined with the stringent cost controls and sophisticated client
reporting today’s financial institutions require.
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