Centralised senior AM function overseeing/coordinating a broad network of local RE experts, preferred legal firms and existing Servicers/DCAs to optimise portfolio performance, leveraging a sophisticated loan management system enabling direct control of more complex RE/ legal claims.
Special Servicing (Core Function – About €8.5 bln of AUM):
- Boarding and internal management of sec/unsec claims
- Management of all aspects of legal proceedings and collection activities, with direct management of appointed third party law firms
- Management of RE assets, leveraging own network of RE professionals
- Identification & management of high value RE assets suitable for repossession (REOCO strategy
- Performance monitoring and review, including asset management reporting and cash reconciliations on internalised segments
AM Oversight of Specialized Unsecured DCA/Platforms (About €1.0 bln of AUM)
- Appointment and management of DCAs for unsecured claims
- Performance monitoring and review, including asset management
- Review of all Servicers’ DPO settlement proposals with debtors (subject to Investor approval)
- Reporting and Cash reconciliation on externalised segments