Due Diligence, Workouts, Bankruptcy & Foreclosure – A Servicing and Legal Perspective on Best Practices and Challenges in Managing Your Portfolio (Panelist)
Melissa has worked in the servicing industry since 1994. A former Assistant Vice President of Metwest Mortgage Services, Inc., she managed their Loan Servicing Operations from 1997 to 2004. She was responsible for the administration of a real estate and alternative cashflow receivable portfolio whose servicing rights were valued in excess of $1.8 billion.
In 2004, Melissa left Metwest to form a new servicing company to meet the needs of private individuals investing in seller-financed paper. Complete Cashflow Services, LLC was the result. A partnership between Melissa and Sheila White, the company quickly took hold, providing services to both private and institutional investors, in a variety of markets.
In 2011, Complete Cashflow Services changed their name to Allied Servicing Corporation, to better reflect their company focus and the needs of a new generation of investors. Allied provides a wealth of services to their clients and borrowers, specializing in high-touch assets. Allied has specifically developed their servicing software to accommodate not only partials, but wraps, subordinate financing and difficult-to-service cashflow streams.
Melissa’s role includes management of the servicing staff, loan boarding, bankruptcy administration and remittance processing. She is well-versed in industry compliance and servicing rules.