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Shellpoint Mortgage Servicing earns positive scores from top rating organizations in 2015

Greenville, SC (January 29, 2016) For over a century, the “Big Three” nationally recognized statistical rating organizations (NRSROs)—Fitch Ratings, Moody’s Investors Service, and Standard & Poor’s—have analyzed and rated financial-services companies. In 2015, after extensive due diligence, all three gave Shellpoint Mortgage Servicing (SMS) positive ratings for primary and special servicing of U.S. residential mortgages:

  • Fitch Ratings: In April, Fitch awarded SMS a primary servicer rating of “RPS3+” and a special servicer rating of “RSS3+,” with an outlook of “stable.” The positive ratings and outlook are based on SMS’ experienced management team, advanced technology, effective risk-management practices, and success in recruiting and retaining experienced staff (to learn more, refer to the Fitch news release). In June, Fitch followed up with a detailed, 11-page report profiling SMS.
  • Moody’s Investors Service: In May, Moody’s published a 19-page report awarding SMS a quality assessment of “SQ3+” for primary servicing and “SQ3”for special servicing. Both ratings are keyed to SMS’ success in collections, loss mitigation, foreclosure management, and loan administration.
  • Standard & Poor’s Ratings Service: In October, S&P published a 14-page report reaffirming its “Above Average” rating and “stable” outlook for SMS in primary and special servicing. S&P’s ratings are based on SMS’ experienced leadership team, solid quality control, new technology, and improved efficiency.

“We’re very pleased that the Big Three are recognizing us for quality,” said Michael Keaton, Executive Vice President at SMS. “We’ve invested heavily in our people, our technology, and our business efficiency—and it’s gratifying to see that the top NRSROs are acknowledging our success.”

About Shellpoint Mortgage Servicing

Shellpoint Mortgage Servicing is one of America’s “Top 15” non-bank servicers of residential mortgage loans. From its offices in Greenville, SC and Houston, TX, SMS serves a wide range of clients nationwide, including top-tier banks, loan originators, and private equity companies—all of whom value SMS’ reputation for creating positive borrower payment experiences. The twin pillars of SMS’ success are its commitment to
asset performance and its ability to develop creative and practical solutions for borrowers in hardship.

SMS is proud to be part of Shellpoint Partners LLC—a diversified, well-capitalized, and vertically integrated residential mortgage-banking organization based in New York City.

For more information, contact:
Jeff Berg, Business Communications Manager
Phone: 864-312-4394
E-mail: jeff.berg@shellpointmtg.com
Shellpoint Mortgage Servicing
55 Beattie Place
Greenville, SC 29601
www.shellpointmtg.com


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