HOUSTON--(BUSINESS WIRE)--Integrated Mortgage Solutions, the only woman-owned collateral protection firm offering a seamless suite of secure, integrated services for the management of distressed portfolios, and Houston-based REO Leasing Solutions, LLC have aligned to address rapidly growing loss mitigation and REO challenges in today’s housing market.

According to recent reports, more than five million households are behind on their mortgages and risk foreclosure. With unemployment rates hovering near 10 percent nationwide, the number of distressed borrowers is likely to remain high as well over the next year. Servicers are in need of solutions that help them manage the increasing volume of defaulted loans on their portfolios.

“Ever-changing legislation necessitates uniting with a proven organization that has deep experience in the both the mortgage market as well as property management in the residential market,” said Cheryl Lang, president and chief executive officer of IMS. “REO Leasing Solutions brings a seasoned management team and a national perspective to this emerging market. In working with REO Leasing Solutions, IMS is equipped to offer additional loss mitigation and REO options to our customer base. The additional expertise that REO Leasing Solutions deliver enables IMS to work within landlord-tenant law—leases, tenant qualification, payment by credit card, tenant turnover, make ready, and habitability and maintenance requirements.”

IMS adds the deep experience of REO Leasing Solutions in residential market property management to its distressed portfolio management services. IMS provides a wide array of asset management solutions on a third-party basis to mortgage servicers, expediting the loss mitigation process.

“We are strategically building our company in order to provide organizations like IMS with end-to-end specialty solutions in the distressed market and on a scale they demand,” said C. Alan Paylor, president of REO Leasing Solutions, LLC. “IMS is able to give their investors immediate options, even at their initial due diligence of a distressed portfolio. REO Leasing Solutions can model a rent/lease option and provide cash flow analysis and ROI on a portfolio or a single loan.”

About IMS

Integrated Mortgage Solutions (IMS) is a leading provider of collateral protection resources for the mortgage servicing sector, offering a full range of asset management services reducing the costs associated with loan servicing and default management functions. IMS enhances the efficiency and effectiveness of these processes through a complete suite of products and services that include: inspection, repair and preservation, hazard claims recovery, borrower outreach, loss mitigation, and REO management and marketing. For more information regarding IMS, please visit http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.imstoday.com&esheet=6217908&lan=en_US&anchor=www.imstoday.com&index=3&md5=0b538d9b20639dd6cce9e288c22876fd, follow us on Twitter: @asset_mgmt and visit our blog: http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.assetdispositionandmanagement.com&esheet=6217908&lan=en_US&anchor=www.assetdispositionandmanagement.com&index=5&md5=c03ff9cd0a7264e63fe3ba108b8429c7.

About REO Leasing Solutions, LLC (R2L)

A wholly-owned subsidiary of Reverse Mortgage Solutions, Inc., an end-to-end mortgage industry enterprise, R2L was created to provide an investment strategy for residential distressed assets with a concern for the consumer. R2L encompasses a range of services utilizing strategic partners from the real estate and property management community as well as a national attorney network. The company supports the complex requirements of leasing/renting mortgaged property in a market that requires an understanding of loss mitigation options in pre-foreclosure as well as the disposition of REO (real estate owned) properties in a time sensitive environment. For more information, please visit http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.reo2lease.com&esheet=6217908&lan=en_US&anchor=www.reo2lease.com&index=6&md5=839145681c006a07ef22d7719222245b or call Jay Prasifka at 281-404-7973.