Business Details
30 Years
experience
Trusted Loan Servicing Solutions
Midwest has established itself as a leader in loan acquisition and servicing, delivering value-maximizing strategies for financial institutions and investors since 1996. Our expertise spans performing, sub-performing, and non-performing loan portfolios across commercial, real estate, and agricultural sectors. With over $10 billion in managed investments, we combine a seasoned team of attorneys, accountants, and real estate specialists with proprietary technology to ensure efficient resolution processes.Our proven underwriting methodology and accelerated timelines enable rapid, confidential transactions, prioritizing certainty of close for sellers while generating risk-adjusted returns for investors. Headquartered in Rochester, NY, with regional offices in Missouri and Puerto Rico, we serve clients nationwide through tailored servicing solutions that adapt to evolving market demands.
Services
Loan Acquisition
Underwriting
Primary Servicing
Special Servicing
Loan Portfolio Management
Loan Resolution
REO Management
Collection Management
Compliance Reviews
Payment Processing
Details
- Year established: 1996
Highlights and features
- We have managed over $10 billion in loan portfolios since 1996.
- Our team includes attorneys, accountants, and real estate specialists.
- We execute rapid, confidential loan acquisitions with proven underwriting.
- We offer nationwide servicing with regional offices in NY, MO, and PR.
- We deliver risk-adjusted returns through tailored resolution strategies.
Services
Loan Acquisition
Midwest specializes in acquiring performing, sub-performing, and non-performing loan portfolios. Our accelerated underwriting process ensures rapid, confidential transactions, leveraging proprietary Due Diligence Database technology to evaluate assets ranging from $250,000 to $25 million. We focus on delivering certainty of close for sellers while aligning opportunities with investor criteria.
Underwriting
Our underwriting services utilize a proprietary Due Diligence Database to assess loan portfolios efficiently. Strategies adapt to asset type, portfolio size, and seller requirements, with timelines often compressed to 30 days. This approach ensures accurate pricing ranges and competitive bids, supported by decades of industry expertise and institutional knowledge.
Primary Servicing
Primary Servicing handles day-to-day payment processing and reporting for performing assets. Our dedicated team of loan officers, attorneys, and credit analysts ensures compliance with regulatory standards while maintaining transparent communication with borrowers and investors.
Special Servicing
Special Servicing focuses on resolving sub-performing and non-performing loans through litigation, restructuring, and liquidation. Our team employs customized strategies to maximize asset value, supported by centralized asset management systems and REO management expertise.
Loan Portfolio Management
We manage over $10 billion in loan portfolios, offering end-to-end administration from acquisition to resolution. Services include compliance monitoring, vendor oversight, and integration with institutional policies, ensuring efficient tracking and reporting for investors.
People
Joseph Lovenduski
Founder and Chairman
With over 30 years in banking, Joseph has led loan acquisitions since the 1980s. His expertise in financial strategy and asset management drives Midwest's growth and industry leadership.
Timothy Sheehan
President and CEO
Timothy brings legal and commercial banking experience from Citibank, shaping Midwest's operational excellence since 1999. His leadership focuses on innovative loan resolution and investor partnerships.
Questions
What types of loans do you service?
We service commercial, real estate, agricultural, and litigation-related loans, including performing, sub-performing, and non-performing portfolios.
How long have you been in business?
Midwest Financial Group has managed loan portfolios since 1996, with leadership teams boasting over 100 combined years of experience.
What areas do you serve?
We operate nationwide with offices in Rochester, NY; Kansas City, MO; and San Juan, PR, serving Puerto Rico and the U.S. Virgin Islands.
How do you handle loan resolution?
Our strategies include restructuring, litigation, and liquidation, supported by proprietary systems and a team of attorneys, accountants, and real estate specialists.
Do you offer special servicing?
Yes, we provide special servicing for non-performing assets, including REO management and compliance oversight for lenders and investors.