RoundPoint Financial Group and MountainView Capital Holdings, LLC Enter Into Strategic Loan Servicing Arrangement

CHARLOTTE, N.C., April 21 /PRNewswire/ -- RoundPoint Financial Group ("RoundPoint") and MountainView Capital Holdings, LLC ("MountainView") announced today the formation of a strategic loan servicing relationship.  Under the new arrangement, RoundPoint will assume responsibility for servicing MountainView's residential mortgage loan portfolio.  

As part of the alliance, MountainView will transition to RoundPoint all of its residential servicing currently performed by Prodovis Mortgage, LLC, its wholly-owned loan servicing platform.  In turn, RoundPoint and MountainView will jointly develop and execute a customized plan for the MountainView portfolio, which will allow MountainView to continue to maintain loan level input and control over its portfolio.  RoundPoint and MountainView have selected a dedicated team that will immediately begin the plan's execution upon transfer.  

The terms and total value of the portfolio arrangement were not disclosed.

"RoundPoint's unique, high-touch approach to special servicing and its proprietary software, SBX, is closely aligned with our methodology in servicing loans and was clearly the best servicer for our portfolio," said Mike Morgan, CEO of MountainView.  "This strategic arrangement is the result of a long, thoughtful search for a special servicer who shares our approach and philosophy. We can say with confidence that the alliance with RoundPoint will offer the best solutions and service for MountainView."

"We're very pleased to begin working with MountainView, which has a distinguished track record," said Vickie Lester, President of RoundPoint Mortgage Servicing Corporation.  "This agreement highlights our commitment to delivering best in class special servicing for our clients and provides us with continued positive momentum."  

ABOUT ROUNDPOINT FINANCIAL GROUP

Headquartered in Charlotte, North Carolina, RoundPoint Financial Group, Inc. is a fully integrated mortgage firm with four distinct subsidiaries focused on special servicing, asset management, originations and technology.  RoundPoint Mortgage Servicing Corporation is a national mortgage servicer approved by HUD, Freddie Mac and Fannie Mae.  RoundPoint Capital Group, Inc. is an asset management firm specializing in residential mortgage loans and structured transactions.  RoundPoint Mortgage Company originates mortgages across the country and has created special programs to assist financial institutions in refinancing their distressed assets. SBX Technologies, Inc. is a leading edge technology company that creates innovative solutions for the mortgage banking industry with a focus on loss mitigation.

For more information, please visit:  www.roundpointfinancialgroup.com

ABOUT MOUNTAINVIEW CAPITAL HOLDINGS, LLC

Headquartered in Denver, Colorado, MountainView Capital Holdings, LLC provides mortgage-related analytic, trading, hedge advisory and asset management services to institutional participants in the secondary mortgage market.   MountainView serves a broad cross section of mortgage sector participants ranging from small community banks and mortgage companies to regional money center banks, insurance companies, private equity firms and Wall Street investment firms.  MountainView's asset management activities includes the management of proprietary residential mortgage opportunities funds on behalf of institutional investors.   MountainView has raised and is managing two funds totaling over $170 million in committed capital, with the second fund scheduled to have a final close in June, 2010.

For more information, please visit:  http://www.mvcg.com

SOURCE RoundPoint Financial Group