M.D. Webb & Associates, Inc. (“MDWA”) provides nationwide full service REO management and disposition. Founded in 1998 by Michael Webb, MDWA is headquartered in Newport Beach, California with a second location in Dallas, Texas. As of December 31, 2010, MDWA had 70 employees between the Company’s headquarters and the Dallas, Texas location.

Managing and disposing of properties across the United States, in 2010 alone, MDWA closed and funded 4,014 REO disposition transactions yielding over $600 million in Net Proceeds to its clients.

MDWA’s clients include, banks, mortgage servicers, Wall Street firms, and other large financial institutions.

MDWA has an extensive nationwide network of appraisers, property preservation companies, attorneys, title agents, and real estate brokers who work together at the Company’s direction to mitigate loss.

Over the past decade, MDWA has continued to develop technology systems and workflow engines engineered for the residential REO market. As a result, the Company’s software systems deliver automation efficiency and scalability, real-time performance measurement, and cohesive data aggregation reporting functionality. MDWA has developed a technology platform to provide commercial REO asset management services as well.

Since its formation, MDWA has adopted a sophisticated, institutional approach to its processes, leveraging its hands-on client approach with technology solutions that measure and manage performance throughout the asset management value chain, ultimately outperforming its competitors.

MDWA’s performance metric reports alert asset managers to variances in performance that require immediate attention. As a result, asset managers can prioritize and calibrate workflows in a disciplined and timely manner, and have better control of execution outcomes. The systems developed by MDWA allow for the necessary flexibility to customize the asset management processes to each specific client’s parameters without sacrificing its ability to outperform its peers.

The client’s value proposition in outsourcing the REO management and disposition functions to MDWA is:(a) reduces operating costs, (b) converts fixed costs to variable costs, (c) focuses on core competencies,(d) implements strict protocols to reduce reputational and headline risk, (e) improves REO disposition values and timelines by applying best practices developed across MDWA’s different client portfolios and regions.

The senior management team at MDWA has over 100 years of combined experience in real estate asset management, and 35 years of experience with the Company. Directors at MDWA have held senior positions at some of the largest mortgage lenders, banks, and real estate asset managers, including Saxon Mortgage, GMAC, WaMu, AMC and board positions at REOMAC.

In addition to the management team’s residential real estate expertise, MDWA has extensive experience in the management and disposition of commercial real estate.

Through their extensive experience and expertise in the real estate markets, the MDWA team has the right set of competencies to lead, and provide the best in class service to clients.

MDWA also fosters a philosophy among its employees of giving back to the community by actively participating in various charity events.