The Recovery Company

The Recovery Company provides analytical services via web applications. Our algorithms apply research on residential mortgage default to the problem of setting optimal terms when modifying defaulted loans.  There are separate systems: one optimized for consumers and one optimized for lenders.

Our application analyzes data from the portfolio and 3^rd party providers to calculate foreclosure values and modification terms most likely to maximize value - including appreciation sharing rights. We assess borrower sensitivity to negative equity to optimize the trade-off between the probability of re-default and the value of the re-performing loans.  For consumers and credit counselors we automate documentation to justify principal reduction.

Ray Meadows, the founder, has expertise in Real Estate, Banking /Finance, and Credit Risk Analytics Systems.  His graduate studies in the MBA and PhD programs at U.C. Berkeley gave him a disciplined analytical approach to solving real world problems.

After the PhD program in 1992, Mr. Meadows worked on Wells Fargo’s Mortgage Backed Securities pricing model. Later he ran the bank’s wholesale pricing group with responsibility for derivatives valuation and credit exposure systems. Ray supervised a group of financial engineers who developed the bank’s next generation interest rate derivatives pricing and hedging software. 

Ray moved to NY in 1997 to work for ING Barings, and later Citigroup, in credit risk analytics.  There he built risk management tools to quantify and price credit risk, and Monte Carlo simulations for path dependent transactions.

In 2002 Ray founded Berkeley Investment Advisors, a registered investment advisor focused on real estate investing.  Ray is a Chartered Financial Analyst, a CPA and a licensed real estate broker.  

Dr. Sanjiv Das is technical advisor to The Recovery Company - providing product and technical input and oversight.  

Professor Das is Chair of the Finance Department at Santa Clara University's Leavey School of Business. He previously held faculty appointments at Harvard Business School and UC Berkeley.  He earned his Ph.D. in Finance at New York University and a M.S. in Computer Science at UC Berkeley.  Dr. Das has published more than 70 academic articles, and has won many awards for research and teaching.  He is a senior editor of The Journal of Investment Management and co-editor of The Journal of Derivatives.  Prior to academia, he worked for Citibank in the Asia-Pacific region. 

Greg Lindberg, an expert in managing the development of complex web applications, will oversee website development.

Greg is co-founder of Cubik Media Inc. where he currently manages the programming and IT departments. This web development firm has built enterprise web applications for Fortune 500 companies and early stage start-ups, as well as its own products. His projects include .NET & Java-based intranets, content management systems, as well as multi-million dollar e-commerce sites. Clients include IBM, E-trade, Silicon Image, Planet Organics, San Francisco performances, and several large video-on-demand portals. He has experience developing prototypes and pitching to venture capitalists. Greg negotiated the merger of Cubik Media with Datatech Ventures, LLC and worked on the acquisition of several local and overseas companies since then.

Distressed debt buyers can pay for portfolio analysis to support bids then pay for each loan worked out using our analytical system.  We partner with a mortgage workout firm that provides call center and REO management services.  

Consumers and credit counseling firms pay to use our system to produce loan modification proposals (with supporting evidence of foreclosure value). Firms pay less than consumers going direct and thus can take a mark up.