BSI Financial Services Inc., an Irving, Texas-based provider of subservicing, due diligence and quality-control audit services, has signed up several hedge funds and private investment firms acquiring subperforming and nonperforming mortgage portfolios.
According to the company, these clients are attracted to BSI's customized suite of cost-effective, high-quality solutions. Investors are able to focus on acquiring portfolios and portfolio management, while benefiting from the experience and flexibility of BSI's outsourced service.
As the competition increases for distressed assets, BSI's solutions allow clients to adapt to various delivery models and be flexible on their risk strategy, while providing a cost-effective approach. The company adds that it is aiming to create a strategic advantage in a complex and demanding mortgage default arena.