Stewart Lender Services (SLS), a wholly-owned subsidiary of Stewart Title Company, has developed a boutique asset management and disposition solution for community banks.

Stewart Lender Services intends to take a proactive approach with using clients properties, preserving the property up-front, even getting involved in the pre-foreclosure phase.

In addition, community banks that hire Stewart Lender Services cam also rely on the firm to maintain the properties’ condition, reduce a bank-owned property’s time in REO, while focusing on saving time and money.

In order to fully understand each community bank’s individual requirements and to tailor its processes to meet the specific needs of each customer, SLS intends to build relationships through one-on-one communication.

Stewart Lender Services senior vice president Michael Harris said community banks have very valid concerns about the disposition of bank-owned properties given current market conditions.

"Stewart’s solution provides customers with assurance that all their assets are handled in the same high-quality manner," Harris said.