Claims Recovery Financial Services, LLC
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Claims Recovery Financial Services, LLC - overview
Established
2002
Location
New York, NY, US
Primary Industry
Financial Services
About
Claims Recovery Financial Services, LLC specializes in post-default claims management solutions, focusing on streamlining claims filing and enhancing fund recovery for clients in the mortgage and financial sectors. Founded in 2002, Claims Recovery Financial Services, LLC operates out of New York, US, providing specialized management solutions for post-default scenarios. The company has engaged in 1 deal, with the most recent deal occurring in January 2015 when High Street Capital acquired the firm. The leadership includes CEOs Gregory Rainka and Steven Mowers.
CRFS specializes in post-default claims management solutions, offering services including Government Claims Management, Investor and GSE Claims Management, Primary and Pool Mortgage Insurance Claims, Loss Analysis Review, Portfolio Acquisition Due Diligence, and HUD Audit Support and Consulting Services. These services cater to diverse stakeholders in the mortgage and financial sectors, addressing compliance and accuracy in claims recovery to assist clients in navigating complex default management challenges. CRFS generates revenue through business-to-business transactions with financial institutions and mortgage servicers, working under service agreements that are tailored to the complexity and volume of claims managed. Clients engage CRFS to optimize recovery timelines through its flagship claims management solutions, which are structured to ensure efficient and compliant recovery efforts, with pricing reflecting each client's unique needs.
Following the acquisition by High Street Capital in January 2015, Claims Recovery Financial Services, LLC plans to enhance its service offerings and expand into new markets. The firm is focusing on developing new products designed to further streamline claims recovery processes. Specific geographic regions targeted for expansion include the Southeastern US and the Midwestern states, with plans to establish a presence there by the end of 2024. Recent funding will be allocated to support these initiatives, ensuring that CRFS can meet evolving client demands and navigate new market opportunities.
Current Investors
High Street Capital
Primary Industry
Financial Services
Sub Industries
Mortgage Banking, Claims Administration & Processing
Website
www.crfservices.com
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Claims Recovery Financial Services, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Claims Recovery Financial Services, LLC | - |
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