1989:

Resolution Trust Corporation (RTC) is formed. Univest recommends that the agency apply full due diligence for all portfolios brought to market and create a national standard for all contractors to follow.

Standardization makes it possible for the RTC to optimize its sales through securitization. Univest's index of residential data elements and due diligence codes was adopted as the core of the work requirement for the RTC's Atlanta Pilot Program.


1989-1990:
Univest performs analysis, evaluation and transaction-delivery support services on over $25 billion in residential, commercial real estate and multifamily and consumer loan portfolios for the RTC and FDIC in over 65 separate projects.

The firm is one of two companies qualified to perform due diligence nationally for the FDIC's Mortgage Sales and Servicing Unit. The standardization of due diligence data elements enables the RTC to pursue creating a consolidated centralized loan database to support the securitization effort.


1991:
RTC awards Univest the contract to manage the RTC's Central Loan Database, which served as the backbone of the RTC's National Loan Marketing Effort.

Despite the fact that Univest was competing with industry giants IBM and EDS, Univest’s experience and success with the FSLIC and Fannie Mae proved advantageous when Univest was awarded a contract with the RTC.

Through Univest, the RTC data was housed on Univest systems in its Little Rock, AR Operations Center. In addition, Univest managed the performance of all outstanding RTC securities through a separate awarded contract and had the responsibility for reporting to Wall Street, the RTC, and all outstanding RTC security investors. The RTC adopted the national standard for residential due diligence using Univest’s methodology as a source document.

“ Univest’s role involved translating information from many services into a standardized format. Afterwards, the loans could be structured into pools for the RTC’s various sales programs, including MBS and bulk deals.”

Using Univest’s hardware, software and analysts, the RTC project involved the accurate completion of millions of records and the curing of more than 100 billion dollars in assets.

1992-1993:
Inc. Magazine consecutively recognizes Univest as one of America's 500 fastest growing privately held companies.

In 1992, Inc. Magazine recognized Univest as the 450th fastest growing private company. Just one year later, the 1993 Inc. Magazine moved Univest up to 189th with sales of $29.8 million -all while maintaining its “A” profitability rating.