FAQs

Why should we hire DMG to manage specially serviced loans?

• Mr. Goldrick has extensive experience in providing exceptional services and exemplary results that few, if any, competitors can match.

What are the differences in using DMG rather than one of the larger servicers?

• Mr. Goldrick is able to leverage his extensive experience and highly successful track record to your accounts that may otherwise get comingled with other specially serviced loans resulting in extended transaction cycle time and less desirable results.

Why do I need DMG to manage my litigation matters? I rely on my lawyer?

• To have business oversight of counsel’s effectiveness as well as to monitor the litigation process to be certain that the case is being handled with high priority and moving in the proper direction plus to gage the court’s reaction and tendencies that could determine the negotiation strategies best suited to achieve maximum recovery.

Why do I need DMG to manage my bankruptcy matters? I rely on my lawyer?

• Again, it is critical to have business oversight of counsel to make certain that the client’s interests are being aggressively pursued and that all options are considered that maximize recovery on the account.

What is the benefit of using DMG to collect our judgments for us?

• Mr. Goldrick recently completed a three year intensive judgment collection project in which a variety of processes were developed that ultimately resulted in exceptional collections on the accounts.  These processes included comprehensive asset investigation reports, creative judgment execution strategies and a finely honed negotiation process all of which contributed to maximizing recoveries.

 How can utilizing DMG for consulting help our company?

• Mr. Goldrick has a broad range of experience and has developed a unique skill set over the years that is rare in the industry and has several potential applications that could assist a client in elevating its recoveries or, achieving its’ objectives, in a variety of ways.

What benefits does an expert witness have to our company?

• There are occasions during the course of litigation where it is necessary for the secured creditor to provide expert witness testimony with respect to servicing standards and other behavior related to the collection of loans.  Mr. Goldrick’s vast experience with CMBS and non CMBS loan servicing enables him to assist in providing technical support to validate the actions that were taken in the collection process.

We have attempted to collect our judgments but have not been successful.  What can DMG do to facilitate a collection and protect our interest?

• DMG would make certain that the judgment is properly recorded and reflected on their credit bureau report so that the creditor's position is fully protected.  Additionally, DMG would commence a series of communications to collect the debt or negotiate an acceptable repayment amount or installment payment plan. 

Why would an asset investigation report help us collect our judgments?

• The asset investigation report is critical to confirm whether the judgment debtor has assets available to settle the judgment.  The report may also identify possible property transfers that have been made in the past for the sole purpose of defrauding the creditor.  It is highly advisable to have  a comprehensive asset investigation report to determine the negotiating and legal strategies used to maximize recovery on a judgment.