RER is currently a holder of SIN
520-5, Loan Servicing
and Asset Management and SIN 520-3, Due Diligence and
Support Services on the General Services Administration
(GSA) Financial and Business Solutions Federal Supply
Service Schedule.
Activities under SIN 520-5 include, but are not limited
to:
- Valuation, underwriting, due diligence and
post-closing portfolio management support for
affordable housing portfolios
- Country, industry and market analysis for
structured finance transactions
- Insurance and guarantee claims and amendments
processing
- Directing and managing workouts of non-performing
real estate and loans
- Servicing, monitoring and maintaining Government
held loans/assets
- Refinancing Government-held loans/assets
- Averting defaults and collecting on delinquent
and defaulted loans/assets
- Restructuring loans
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Assets may be any type including, consumer
loans, current and distressed bank loans, single family
and multifamily project mortgage loans, education loans,
small business loans, agricultural loans, premiums,
etc. An expanded description for many of these services
may be found under our GSA Schedule
Contract for Financial Asset Services, Description of
Services – Loan Servicing and Asset Management.
Under SIN 520-3, Due Diligence and
Support Services, RER Solutions, Inc. provides due
diligence and support services to provide confirmation
and validation of the Government's representations
concerning the financial status and/or history of assets
offered for sale to the public. This may include but is
not limited to the following:
- Data collection and organization -
- Obtain loan/asset information from
various sources to include title update
requests, UCC filings, title insurance
commitments, environmental review
requests, physical inspections and/or
needs assessments, broker price options,
market rent studies, business analysis,
and appraisals
- Organize documents and maintain an
inventory with asset deficiencies noted
and reconcile data discrepancies
- Reproduce and deliver documents to
agency offices, owners, prospective
bidders, and/or third parties as requested
- Maintain a secure file room and
implement a records management system
- Due diligence support -
- Design and review due diligence
process to ensure it achieves the
objectives and recommend enhancements
- Review documents for completeness,
secure missing documents from public
records, prepare affidavits, and notify
the agency of any deficiencies
- Accumulate and record specific data,
e.g. original loan terms, modification
terms, and other information
- Prepare an electronic computer
database and/or provide database
management support for assets offered
for sale and for other data
- Obtain credit ratings for assets
- Obtain inspections, environmental
impact statements, market studies, etc.,
and compile information
- Perform asset closings - obtain proper
addresses, advise borrower or purchase
of the agency point of contact, maintain
a reporting system to monitor closing
status, assemble Government records
post-sale, and index, box, and deliver
to a specified location
- Draft and/or transmit notices to
entities and individuals
- Review documents, data, and
applications for arithmetic accuracy and
compliance
- Quality control/information control -
- Develop and implement policies related
to information control
- Develop and implement a system of
internal controls
- Conduct quality review inspections
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