24 Asset Management Corp Given Opportunity to Win Big Business with the Government

April 24, 2012 - PRLog -- Miami, Florida, April 24, 2012 – Industry leader, 24 Asset Management Corp. (“24 Asset”) has been awarded a General Services Administration (GSA) Financial and Business Solutions Schedule contract.  Having this contract allows 24 Asset the ability to offer their loss mitigation, debt collection, asset management, real estate owned (REO), and portfolio services to all Federal agencies with greater ease of procurement.  Specifically, 24 Asset has been awarded a GSA/FAS Schedule contract for the following Special Item Numbers (SINs):

520-2:  Transaction Specialist
24 Asset is qualified to assist agencies in all asset resolution related areas including: valuation/pricing, portfolio stratification, restructuring and disposition strategies which best meet agency goals; making specific recommendations as to the best execution; conducting a sale or other disposition vehicle; and providing marketing expertise, budget and credit reform analyses.

520-4:  Debt Collection
24 Asset provides collection services and the servicing of defaulted loans which may include: skip tracing, field services, borrower negotiations, recovery efforts, restructuring, and workout agreements.

520-5:  Loan Servicing & Asset Management
24 Asset assists agencies in servicing, monitoring and maintaining loan assets which may include: establishing loan database(s), remittance processing, verifying and updating borrower data, issuing forms and correspondence, processing loan cancellations and consolidations, billing services, credit bureau reporting, and the transfer and discharge of loans;  providing the servicing of troubled loans which may include borrower negotiations, restructuring, foreclosure and the supervision of the sale of the collateral and workout agreements.

"We're very excited to have this contract in place, as it will allow our existing and new government customers to procure our services more easily and with little hesitation. We're confident this Schedule will broaden our position in the federal market," said Eduardo SanRoman, 24 Asset’s President.

Establishing a GSA Schedule Contract requires a solid understanding and in-depth knowledge of government contracts and regulations.  With the guidance and support of The Winvale Group, a Washington, DC based professional services firm with expertise in the GSA Schedule Program, 24 Asset was awarded their GSA Schedule Contract with terms and conditions deemed by the Federal Government as “Fair and Reasonable”.

“We are ecstatic to have assisted 24 Asset Management Corp on this project. They are highly-respected industry leaders whose customers at the Federal level will appreciate the simplicity the Schedule offers them,” said Brian Dunn, Managing Partner of The Winvale Group.  

24 Asset's GSA Schedule award is a direct result of a complex process in which the General Services Administration evaluated their professional capabilities, organizational structure, performance history, and customer satisfaction, among other criteria. As a result, 24 Asset is qualified to perform work directly for Federal Government entities.

24 Asset Management Corp. (“24 Asset) is a full-spectrum early stage delinquency, borrower outreach, loss mitigation, late stage recovery, and REO asset management company providing industry leading solutions.  24 Asset’s seasoned and erudite management team has over 100 years of management experience in the default and asset management component servicing space.  Additionally, 24 Asset is a certified minority owned and operated business (MBE), with the state of Florida (Certificate # FL 01866) from the Southern Florida Minority Supplier Development Council (SFMSDC) a division of the National Minority Supplier Development Council (NMSDC). With corporate offices located in the Eastern, Southeastern and Western United States, 24 Asset is able to provide service across all four time zones.   For more information, visit www.24Companies.com.

The Winvale Group (“Winvale”) is a professional services firm specializing in government contracts and the General Services Administration (GSA) Schedule Program. Headquartered in Washington DC at the heart of the federal government, Winvale works with organizations across the country seeking to pursue business with the federal, state and local governments.  For more information, visit www.Winvale.com.

Media Contact:
Sara DeYoung, Director of Corporate Communications
24 Asset Management Corp.
(855) 414-2424 ext 402
S.DeYoung@24Asset.com

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24 Asset specializes in early stage collection, field services/skip tracing, borrower outreach, loss mitigation, late stage recovery, REO asset management, mortgage originations, attorney network management and portfolio advisory services.