SAN JUAN, Puerto Rico, Jan. 15, 2019 /PRNewswire/ -- AmeriNat, an industry-leading servicer of economic development loans with approximately 300 clients throughout the United States, today announced its appointment as the exclusive loan servicer with Puerto Rico's GDB Debt Recovery Authority.
According to Adrienne Thorson, Chairwoman and CEO of AmeriNat, the 44-year old business recently opened an office in San Juan and is employing local staff dedicated to helping borrowers resolve their financial issues and to maximizing loan portfolio value for bondholders.
"AmeriNat is trusted as a loan servicer by hundreds of clients in both the private and public sector and that high level of experience will help ensure the most successful resolution of the municipal and public agency debt in Puerto Rico," Thorson said.
"The AmeriNat team is looking forward to furthering a successful outcome of the GDB Restructuring Act and to be a critical part of the forward-movement overall of the island's municipal financial capabilities," she added.
In addition to its status as a leading servicer of economic development loans, AmeriNat also is a leading servicer of loans for Habitat for Humanity and other affordable housing programs.
"AmeriNat brings sensitivity and a diligence to communication with each borrower that translates into success for its clients," Thorson explained.
AmeriNat has a long-standing business relationship with Caribbean Investment & Acquisition ("CIAC"), a Puerto Rico-based asset manager. CIAC was instrumental in the DRA contracting process and will assist AmeriNat in servicing the portfolio.
AmeriNat is an industry leader in servicing loan portfolios owned or originated by government, quasi-government, financial institutions, private investors and non-profit entities nationwide. Founded in 1975, AmeriNat manages more than $12 billion in loans and related deposits for approximately 300 city, county, state, PACE and NGO clients (including more than 100 Habitat for Humanity affiliates). AmeriNat is a registered or licensed loan servicer in 47 states, the District of Columbia and Puerto Rico in addition to being approved by HUD and Fannie Mae. Additional information available at www.amerinatls.com
Contact: Adrienne Thorson, Chairwoman and CEO