Freddie Mac officially approved Statebridge Company as a servicer, fulfilling one of its strategic goals, set when it was founded in 2008.
Statebridge is a mortgage servicer based in Denver, Colorado.
Back in January, HousingWire published an exclusive profile of Kevin Kanouff, president and CEO of Statebridge, noting his accomplishments and what future goals he has for the company, with this approval just being one of several accomplishments since then.
After the company secured investment from FrontRange Capital Partners and broke off from Integrated Asset Services, Kanouff said, “With this new partnership we will continue to invest in our primary, special servicing business, be in a position to have the tangible net worth to service GSE loans and look to build, buy or partner with a mortgage banking platform.”
Another goal, for example, was to receive an official rating. This came into fruition back in July when Fitch Ratings assigned Statebridge an “outlook stable” rating based on its evidenced servicing capabilities.
Other accomplishments include hiring a chief financial officers, chief compliance officers, head of REO and president and chief operating officer, along with creating an REO business line.