McCabe, Weisberg & Conway, LLC: Company Profile

Background

McCabe, Weisberg & Conway, LLC (MWC) is a regional law firm specializing in representing mortgage lenders, banks, mortgage servicers, and financial institutions. Established in 1988, the firm operates across Pennsylvania, New York, New Jersey, Delaware, Maryland, Florida, Virginia, and the District of Columbia. With over 40 years of commitment, MWC aims to provide comprehensive and efficient legal representation to the mortgage banking industry.

Key Strategic Focus

MWC's strategic focus centers on delivering specialized legal services tailored to the mortgage banking sector. The firm's core objectives include:

Foreclosure Services: Managing the legal processes involved in property foreclosures.

Bankruptcy Representation: Assisting clients through bankruptcy proceedings.

Loss Mitigation: Implementing strategies to minimize financial losses.

Evictions: Handling legal aspects of tenant evictions.

REO Services: Managing real estate owned properties.

Litigation: Representing clients in various legal disputes.

Title Insurance Services: Providing services related to title insurance.

The firm leverages customized case management software to ensure accurate file tracking and detailed status reporting, aligning with client requirements.

Financials and Funding

As of the latest available data, MWC reports annual revenues of approximately $36.2 million and employs around 484 individuals. The firm's financial strategy emphasizes sustainable growth and reinvestment in technological advancements to enhance service delivery.

Technological Platform and Innovation

MWC integrates advanced technology into its operations to maintain efficiency and accuracy. The firm's proprietary case management software facilitates:

Accurate File Tracking: Ensuring all case files are monitored and updated systematically.

Customized Status Reports: Generating reports tailored to client specifications.

Third-Party Software Integration: Seamlessly connecting with industry-required software programs.

Regular training sessions are conducted to keep staff proficient in the latest legal procedures and technological tools.

Leadership Team

MWC's leadership comprises experienced professionals dedicated to the firm's mission:

Terrence McCabe, Esq.: Co-founder and Managing Partner, overseeing strategic direction and operations.

Marc Weisberg, Esq. (Emeritus): Co-founder, contributing to the firm's foundational principles and growth.

Edward Conway, Esq.: Co-founder, instrumental in establishing the firm's reputation in the mortgage banking industry.

Christine L. Graham: Shareholder and Managing Attorney for Pennsylvania and New Jersey offices, with extensive experience in foreclosure and bankruptcy law.

Michael T. Cantrell: Shareholder and Managing Attorney for Maryland, Virginia, and the District of Columbia offices, specializing in complex real estate litigation.

Melissa Sposato: Shareholder and Managing Attorney for New York offices, focusing on foreclosure and litigation matters.

Janet Charlton: Shareholder and Managing Attorney for Delaware, with expertise in commercial law.

Craig Stein: Shareholder and Managing Attorney for Florida, overseeing foreclosure and litigation services.

Competitor Profile

Market Insights and Dynamics

The legal services market, particularly in mortgage banking, is highly competitive and influenced by economic fluctuations affecting the real estate sector. Firms specializing in foreclosure, bankruptcy, and related services must adapt to changing regulations and client needs.

Competitor Analysis

Key competitors in the mortgage banking legal services sector include:

BWW Law Group: With approximately 236 employees and revenues around $55.3 million, BWW Law Group offers services in foreclosure and bankruptcy law.

O'Kelley & Sorohan: Employing about 290 individuals and generating revenues of $36 million, this firm provides comprehensive real estate legal services.

Campbell & Brannon: A firm with 155 employees and revenues of $24.8 million, focusing on real estate transactions and litigation.

Cook Yancey King & Galloway: With 139 employees and revenues of $17.9 million, offering a range of legal services including real estate law.

Godwin Bowman: Employing 160 individuals with revenues of $16.5 million, specializing in complex litigation and real estate law.

Strategic Collaborations and Partnerships

MWC has developed close and lasting relationships with clients over the years, learning from their perspectives to deliver superior service. The firm emphasizes anticipating changes in the marketplace to keep clients ahead of emerging trends.