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Statistics and qualifications:
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Provided escrow purchase function for $7,200,000,000 in face value since 1994 in about 4,000 transactions.
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Pay premiums on 3,200 policies.
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Track the lives of about 2,000 individuals.
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Back-up servicer for 2 clients with 350 policies with face value of $1,500,000,000.
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10 European clients with 7 clients in Germany.
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MPC has 3 clients with approximately $500,000,000+ each invested in the LSM and 3 additional clients ranging from $200,000,000 to $300,000,000 each invested in the LSM market.
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Founding member of Life Insurance Settlement Association. Bill Potoczak is a retired board member and treasurer.
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Total of 50 clients in the life settlement industry.
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Experience in tax, financial reporting and auditing of life settlement funders.
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MPC is a member of the American Institute of Certified Public Accountants and the Ohio Society of CPAs. Principals and most professional staff are CPAs.
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Maintains the latest software updates, extensive use of e-mail and electronic files.
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Redundant file backup, disaster recovery program and system documentation.
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E-mail encryption to protect sensitive data and information.
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Web based client access to file information.
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Primarily use the banking services of US Bank, the 7th largest in the US. We also work with other banks including Chase, Bank of New York, Bank of America and Wells Fargo (Salt Lake City and Delaware.)
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