About Value Recovery Group
The Value Recovery Group of companies is a 20-year experienced government consulting and asset management and recovery firm, providing receivables management and consulting services for government agencies with complex and unique needs. VRG’s practice areas encompass Loan Servicing and Asset Management, Collections, and Complementary Financial Management Services, giving our team both breadth and depth in the Real Estate, Accounts Receivable, and Loan Administration / Program Management services that we provide to our clients.
| VRG and VRH At A Glance: Our Clients and How We Serve Them | |
| 1989 – 1993 | Resolution Trust Corporation – Asset Valuations & Review, Asset Management Contracts and Subsidiary Disposition Contractor |
| 1991 – 1992 | Barry Fromm volunteered one full year of his time to serve as the Operations Improvement Taskforce Project Director for the Ohio Department of Commerce under Governor George Voinovich |
| 1994 – Present | RTC/FDIC JDC Collection Partnership, still active today (20 year partnership) |
| 1995 – 1999 | Managing Partner of $55 million land trusts with the RTC on 50%/50% basis; liquidating loans and REO at three and a half times investment in 4 years |
| 2001 – 2004 | Co-Special Servicer/Contractor of second mortgage loans utilized in the HUD Restructuring Program on the national portfolio of troubled Section 8 Multi-family Loans |
| 2004 – 2012 | Created the Archive Debt Collection Program for the state of Ohio and served as a collections contractor. Exemplary performance with no complaints |
| 2003 – 2013 | Export-Import Bank – Claims Procession contract to review all claims (domestic and international) and prepare findings |
| 2004 – Present | Export-Import Bank – Recovery of Paid Claims contract to collect on export claims around the World |
| 2004 – Present | Created COCIC and developed through our partnership a 200 acre Brownfield into a golf business community known as Central Park of Gahanna |
| 2005 – Present | Created Greater Cleveland Community Improvement Corporation and through our partnership, developed 60 acre Brownfield site in Cleveland know as Cuyahoga Valley Industrial Park |
| 2005 – Present | OPIC – Recovery of paid Claims contract to collect on behalf of a national development banking agency |
| 2007 – 2013 | Contract with the Oho Air Quality Development Authority to design program, do intake, underwriting, marketing, and assisting in the close of $80 million of state dollars for clean energy loans |
| 2008 – Present | US Department of Education – collection (subcontractor) of national portfolio of defaulted student loans |
| 2009 – Present | US Department of Energy, Loans Program Office – 5 Year Prime Contact as the Program Manager for the $50 billion Clean Energy Loan Program |
| 2013 – Present | General Services Administration – Real Property sales and support services for all Federal landholding agencies |
| 2014 – Present | US Army Corps of Engineers – Army Office of Energy Initiatives (OEI) Support implementation of cost-effective, large-scale, Renewable Energy projects |
| 2014 – Present | US Treasury Department – Serve as technology service provider for implementation of back-end information management systems call the Portfolio Analysis and Performance Reporting System |
History
Founded by Barry Fromm in 1993 for the initial purpose of servicing distressed loans resulting from the mass Savings and Loan failures of the late 1980s and early ’90s, Value Recovery Group (VRG) got its start when it was awarded one of 29 partnership contracts with the Resolution Trust Corporation (the RTC) for the collection of Judgments, Deficiencies and Charge-Offs from failed financial institutions. Read More