NorthMarq Servicing News
June 2013 News and information for NorthMarq's Servicing customers  
Karen Pribnow's CornerMy Retirement and the Bright Future Dawning for NorthMarq’s Customers
As you may know, I am retiring at the end of 2013 from my duties as Managing Director of Servicing after 40 years with NorthMarq. As I look back on a very challenging and satisfying career at NorthMarq, there are many reasons to feel blessed to have been part of this organization. But what stands out for me are the relationships I have formed over the years with so many of you. I want to share some of the changes that are underway to ensure that we continue to serve our customers in a manner that exceeds your expectations. Read more...


 
 
Inside Look
NorthMarq Recognizes Our High Performing Employees of 2012
We take seriously our company’s mission to be the premier national provider of real estate finance services. When our employees consistently provide superior customer service, we recognize them and celebrate their efforts. Read more...
Employee Spotlight
Employee spotlightThis future Director of Servicing once worked at a paper mill and describes his vision of leadership as “Have key leaders do what they are good at and keep them happy.” Who is this person?
 
Servicing Stats
As of July 8, 2013
Portfolio Size
(in millions)
$40,668
Total Loans 5,623


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Melissa WolfeWhat's Up at NorthMarq?
Insurance Team: Ready for the Storm Season
As news reports share the details of natural disasters like the recent Oklahoma and Texas tornados or the straight-line winds in Illinois, those of us in NorthMarq’s insurance unit have our ears perked and our processes prepared to aid our customers during a stressful time. Keep reading to learn how your servicer can help during a potentially stressful time.
Jason LenzIndustry Insights
What a Borrower Needs to Know About CMBS Loans
With commercial mortgage backed securities (CMBS) loan production through the first five months of 2013 reaching a five-year high of more than $37 billion (compared with $14 billion in 2012), it is safe to say that the CMBS loan product and market are back. So what does this mean for NorthMarq borrowers? 
Tia CotteyIndustry Insights
Practical Guidance for REMIC Mortgage Loan Modifications
The typical structure for the securitization of commercial real estate loans is a real estate mortgage investment conduit (“REMIC”). There are numerous technical requirements to qualify as a REMIC, and those rules can be violated when a mortgage is modified. Guest columnist Tia Cottey shares insight into what situations could violate REMIC regulations.