An organization of solution providers and industry partners for the mortgage industry today announced the addition of a new component-based Solutions Group.

The Solutions Group, the latest addition to The Mortgage Collective, will combine the expertise and delivery of the industry’s leading service providers from individual, vertical offerings into comprehensive business solutions for mortgage banking, real estate series, originations, loan servicing and default management.

Developed originally by VRM Mortgage Services, The Mortgage Collective is an organization that provides leadership and develops solutions for investors, lenders and servicers that help mitigate risk, drive performance and improve bottom line results while remaining committed to the common goal of promoting integrity, transparency, diversity and commitment.

“By combining service offerings from best-in-class industry service providers, The Mortgage Collective is able to deliver a unified, component-based solution approach that is more nimble and responsive than what the mega providers offer through acquisitions,” said Keith Murray, president and CEO of VRM Mortgage Services.

”Factor in the added benefit of providing thought leadership and industry networking opportunities, and we’ve established a truly disruptive solution for our industry,” he added.

The Solutions Group is designed to be agile and adaptive in order to meet the demands of the rapidly evolving mortgage industry, according to the group.

As new challenges arise, additional companies will have the opportunity to join the Solutions Group and participate in helping create the next generation of customized industry services.

Brandon Kirkham, SVP of Business Expansion at VRM added: “Modifying legacy technology solutions or pivoting inefficient work processes doesn’t create the agility and innovation needed to dramatically reduce cost to service while improving customer experience.”