Items Tagged with 'Steven Horne'

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  • Wingspan closing Florida office, laying off 150 employees

    Melbourne location once employed 400 people
    When Wingspan Portfolio Advisors purchased JPMorgan Chase’s mortgage servicing operations center in Melbourne, Florida, in February 2013, the company gave 400 Chase employees who staffed the Melbourne office the opportunity to continue their employment. Now the company plans to close the Melbourne office and lay off the remaining 150 employees.
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  • Attorney Network to Redefine Homeownership

    Wingspan Portfolio Advisors, LLC, a Dallas-based mortgage servicer specializing in delinquent loans, formed a professional network of attorneys to assist in efforts to help borrowers in arrears stay in their homes. Traditionally, law firms are involved in seeing foreclosure actions through to their conclusions, but membership in the Wingspan Professional Attorney Network (WPAN), according to Wingspan, signifies their interest in seeking other ways to help their lender and servicer clients, without reaching default status.
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  • Dallas-based Special Servicer Wingspan Gets Private Equity Investment

    JAM Equity Partners, LLC and its affiliates said Wednesday that the private equity fund manager has agreed to a $2.5 million investment in Wingspan Portfolio Advisors, a Dallas-based mortgage servicer specializing in highly delinquent loans. Proceeds from the financing will be used to build out the company’s servicing and technology platform, both companies said in a joint press statement; JAM’s investment includes an option to invest additional capital.
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  • New Servicer Targets Needs of Distressed Mortgage Investors

    Add another firm to a growing number of special servicers targeting the so-called "high-touch" segment created by distressed asset investors looking to aggressively modify acquired loans. Dallas-based Wingspan Portfolio Advisors, LLC, announced on Monday that it had opened its doors for business, and that it would announce its first major client relationship next month.
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