AMRESCO Commercial Finance has appointed John Blizzard as senior vice president to help build the third party special servicing and primary servicing business across the US.

The company said that Mr Blizzard will be working with banks, hedge funds, insurance companies, regulatory agencies, and other services in order to bring more solutions to the growing challenges in the non-performing commercial loan market.

Earlier, Mr Blizzard was the chief business officer at the Federal Home Loan Bank of Seattle.

Matt Moore, president of AMRESCO, said: “Combining his deep roots and broad knowledge in the banking industry with AMRESCO’s long history and success as a hands-on commercial loan servicer will uniquely position us to help any commercial loan owner or asset manager in the marketplace.”

AMRESCO is a provider of third party servicing and asset management of REO properties to banks, hedge funds, insurance companies, specialty finance companies, trustees and other portfolio lenders.