Stretto Acquires Default Mitigation Management

Stretto is pleased to announce the acquisition of Default Mitigation Management LLC (DMM), a technology and services provider specializing in home and student loan modifications. DMM has pioneered online loss-mitigation services tailored to the bankruptcy process that are leveraged by clients in courts throughout the country. With a focus on attention-to-detail and currency with the ever-evolving documentation requirements, the DMM Portal offers bankruptcy practitioners a customized solution to meet the specific requirements in their jurisdiction and simplify a previously complicated process.

Similar to Stretto, DMM has unparalleled industry experience and knowledge, while its intuitive technology streamlines efforts and expertly guides clients throughout the loan modification process. Over the coming months, we’ll share more information as we integrate DMM technology within our market-leading Best Case platform and help position the offerings for further court adoption and client utilization. 

As part of this acquisition, Stretto welcomes Joe Smith and Igor Roitburg, DMM’s co-founders, as managing directors to the team. With decades of bankruptcy-related financial-services know-how, Joe and Igor are great additions to Stretto’s ever-growing roster of subject-matter and client-service experts. DMM epitomizes the administrative-service partner role making the company and its team an ideal fit to Stretto’s growing portfolio of service and product offerings.