Tag Archives: AMS Servicing

Auction.com announced the appointment of Kevin Cooke as its new SVP of Business Development to sharpen the company's focus on increased revenue and portfolio performance.

Seneca Mortgage Investments LP, is set to acquire AMS Servicing LLC, according to an announcement released Thursday. Seneca Mortgage Investments, headquartered in New York City, is a newly formed joint venture of Arbor Commercial Mortgage, LLC; affiliates of the global credit platform GSO Capital Partners LP, which is owned by the Blackstone Group; and alternative asset manager EJF Capital, LLC.

AMS Servicing LLC, a national specialty servicer for residential and small balance commercial mortgages, recently selected the TrackPoint default servicing platform to facilitate short sale transactions on behalf of its clients. AMS Servicing uses TrackPoint Short Sale with its short sale underwriting process to create customized, end-to-end short sale processes that work with the systems of individual servicers.

With the national unemployment rate still staggering, there's good news for job seekers in Depew, New York. AMS Servicing, LLC, a national specialty servicer for residential and small balance commercial mortgages headquartered in Buffalo, announced this week it has immediate openings for full- and part-time positions to provide support to internal and external customers regarding the short sale of residential properties.

Despite new rules for short sales under the government's Home Affordable Foreclosure Alternatives (HAFA) program which went into effect on February 1, real estate agents responding to a survey said short sale transactions are still taking too long. A survey published recently by property valuations company Equi-Trax reveals the majority of short sales are taking four to nine months to complete, and Realtors say lenders are to blame, although some concede that borrowers need to be better educated about short sales.

The national unemployment rate continues to rise - from 9.5 percent in July to 9.6 percent in August - but there's hope on the horizon in Depew, New York. AMS Servicing, LLC, a national specialty servicer for residential and small balance commercial mortgages, announced this week it has immediate openings for full- and part-time customer service call center representatives in Depew. The main function of this position is to provide customer service support to internal and external customers regarding the short sale of residential properties.