Transformation at Default Law Firms

These are trying times in the mortgage industry for servicers, law firms, and vendors; the volatility of the industry has threatened the survival of many long-standing institutions. Moreover, increasing compliance requirements have increased the cost of processing foreclosures. These rising costs have in turn placed a growing importance on maximizing the use of technology, optimizing a firm's processes, and building a cohesive organization structure.

Shifting from reactiveness to a planned, holistic approach...

At the moment, many law firms handle issues in a more reactive, tactical manner. Firms address IT infrastructure and application issues as being unrelated to organization changes and any changes to the overall foreclosure process. Furthermore, changes are reactions to the most recent requirements; they occur on short-term timelines based on immediate needs.  Advanture has achieved success by working with default law firms to break this pattern and adopt a more holistic, strategic and planned approach. This approach allows firms to incrementally transform people, processes, and technology in ways that allow them to deal with the ongoing changes in the mortgage default industry.  

In such an environment, where can decision makers turn for reliable strategic guidance and planning?

Many firms have turned to Advanture Group for such advice. Advanture Group is a boutique Management and Technology Consulting firm that works with clients across multiple verticals, including Default Law. Our team combines its experiences across various industries with our deep knowledge of the Default Law Industry to develop strategies for law firms moving forward.  We develop holistic strategies that encompass all of these areas and also make sure that technology, process, and organization are in alignment.  By dealing with these three areas collectively, rather than individually, we have been able maximize the performance of several firms across the country.