DALLAS, July 18, 2012 /PRNewswire/ -- The Five Star Institute and Integrated Mortgage Solutions (IMS) have entered into a valuable partnership developed to advance the marketability of the default agent and broker and to further diversify the companies' business portfolios.
The partnership poses benefits mutual to both organizations and their respective memberships. IMS will profit in expanded growth initiatives as the Five Star Institute's FORCE—an elite agent/broker network that is committed to uniting the agent/broker and servicer/lender communities—aids in monitoring membership compliance, providing ongoing industry education, and ensuring constant communication within the agent/broker community. The Five Star Institute's training portfolio will be expanded as IMS, a nationwide property management service provider, will assist in developing a new Property Management Certification course, offered alongside the Five Star Institute's existing REO, Short Sale, and BPO Certification courses.
According to Cheryl Lang, president and CEO of IMS, "The team at IMS is very excited to be partnering with the Five Star Institute. This is a great opportunity for our two organizations to come together and provide the realtor/broker community with new tools to expand business opportunities while helping neighborhoods come back to life. We believe that through education and networking, careers are enhanced, quality is an end product, and friendships endure."
Rick Creel, COO of the Five Star Institute, concurred, stating, "The Five Star Institute takes great pride in developing and delivering innovative and relevant educational opportunities that continue to refine and reshape the mortgage banking industry. Collaboration with default servicing industry leaders is at the core of our success. So, we couldn't be more pleased of our new strategic partnership with IMS and with our new Property Management Certification course."
Creel added, "It is clearly time for rebuilding to be a strong theme in our industry. It is in this spirit that our two teams will work together to breathe new life into America's neighborhoods and to grow a network of extremely qualified mortgage industry professionals."
Established in 2002, IMS has evolved as a leading national provider of collateral protection resources for the mortgaging servicing sector. It offers numerous services including inspections, vacant property registration, code compliance management, repair and preservation, homeowner and condo association (HOA/COA) negotiation and management, utility and tax management services, code compliance management, rehabilitation services, damaged property remediation, environmental hazard remediation, MI and hazard claims recovery, borrower outreach, door-knocks, document retrieval, REO asset management, and tenant property management services.
The Five Star Institute is a 20-year-old publishing, communications, marketing, event planning, and feature film production company. Included within these outlets are DS News, the only publication in the country dedicated solely to the default servicing segment of the mortgage industry; the Five Star Default Servicing Conference and Expo, the largest mortgage-related trade show in the United States; MReport, a trade publication serving the broader mortgage field; and the Five Star FORCE.
SOURCE The Five Star Institute