Concord Servicing Corporation, a leading loan servicing company serving originators, lenders, capital market participants, and asset investors, announces Inverness Graham, a private investment firm that invests in high growth, innovative manufacturing, technology, and services companies, has invested in Concord alongside the founding owners to support the scaling and continued expansion of servicing solutions, technology, and world-class service.
“Concord leverages its investments in purpose-built technology along with market-specific expertise to deliver world-class service for its customers at any scale,” states Michael Morrissey, Managing Principal of Inverness Graham. “Its seasoned and professional leadership team, scalable processes, and technology make it a great platform investment for Inverness. We look forward to supporting the continued success of Concord.”
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Founded in 1988, Concord is a full-scope loan servicer delivering innovative, flexible, and scalable portfolio servicing solutions to meet the demands of loan originators and capital providers in multiple asset classes.
Trey Simpson, Vice President of Inverness Graham, emphasizes, “Concord is a proven, dependable and market-leading servicer of portfolios that provides unsurpassed quality in servicing for originators, owners, and lenders across a range of attractive end-markets. We’re excited about their prospects for growth as we continue to invest in the company’s best-in-class servicing platform for the needs of Concord clients.”
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“Concord’s commitment to providing clients unsurpassed quality and value across a wide array of servicing solutions, and to providing associates a terrific place to work and grow, has and will continue to serve our organization, our customers, and our workforce exceptionally well. The investment of IGI in Concord is indicative of both our past success and our bright future of service,” notes Mark Johnson, Concord CEO.
“We are excited to be part of the IGI family of companies, which helps us further enhance support of existing and new clients in a variety of ways. Concord remains committed to enhancing the client experience with collections practices that enhance portfolio performance, providing real-time reporting, and world-class client management. All of this gets addressed by our end-to-end configurable solutions customized to client needs,” adds Shaun O’Neill, Concord President and Chief Revenue Officer.
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