The world of default mortgage servicing is now a little smaller, as default servicing law firms McCalla Raymer and Pierce and Associates announced plans to merge the two firms into one.
The new firm will be known as McCalla Raymer Pierce, with offices in Illinois, Georgia, Florida, Alabama and Mississippi.
According to a release from the firms, the move brings “enormous efficiencies in shared services and technology,” as well as significant combined experience as Pierce Associates carries a 41-year history and McCalla Raymer brings 34-year history.
In the release, representatives from both McCalla Raymer and Pierce and Associates say that the move will allow the combined company to provide better service for its clients.
“We are extremely excited to announce the combining of McCalla Raymer with Pierce Associates,” said Denis Pierce, the Pierce Associates’ senior managing attorney.
“Once this combination was agreed upon, the due diligence and compliance issues were quickly resolved,” Marty Stone, senior managing partner at McCalla Raymer, said.
“The combining of Pierce and Associates and McCalla Raymer has been a very collaborative venture,” Stone continued. “By fusing tradition with innovation, McCalla Raymer Pierce will raise its service level and success to new heights.”
According to a release, “file level operations and staffing” in all five states will remain “largely unchanged” as the merger moves forward. The new firm will also “uphold a commitment” to “working the files” in the states where the properties are located, the firms said.
According to the release, the newly formed firm will focus its practice in residential and commercial real estate services including foreclosure, title curative, bankruptcy, eviction, commercial origination and workout transactions, complex litigation, title curative litigation and closing services.