Overall ranking: STRONG The STRONG overall ranking assigned to Bluestone Servicing Pty Ltd. and Bluestone Servicing NZ Ltd. (collectively Bluestone Servicing) as prime and subprime residential mortgage loan servicers reflects the companies' continued solid servicing quality and key servicer strengths, which include: An experienced management team and qualified servicing staff. Sound risk-management and compliance framework and resources. Strong information technology capability, with a fully integrated origination and servicing system. Comprehensive business continuity and disaster recovery plans and testing program. Well-documented policies and procedures, which are updated regularly. Both servicing companies have the same staff, operating infrastructure, and servicing capabilities, and operate out of Sydney and Manila. A servicer ranking is a statement of opinion and not a statement of fact.
