Dual auditing controls; As its portfolio has grown, Selene has hired additional personnel experienced with credit-sensitive and performing assets; The reported quantitative metrics compare favorably with those of its peers; Selene has further segmented department responsibilities to better allocate duties among the staff; and An enhanced systems environment now allows for more automated processing and tracking mechanisms. Selene's call center metrics compare unfavorably with peers'; and There is a lack of a historical track record in servicing conforming accounts. Standard&Poor's Ratings Services' rankings for Selene Finance LP are AVERAGE as a residential prime mortgage servicer, and ABOVE AVERAGE as a residential special servicer. Since our last review, Selene has expanded into conforming loan servicing, causing it to modify
