Servicer Evaluation: Specialized Loan Servicing

On May 13, 2021, S&P Global Ratings affirmed its rankings on Specialized Loan Servicing LLC as a residential mortgage primary, subprime, special, and subordinate-lien loan servicer at ABOVE AVERAGE. The outlook on the rankings is stable. Our rankings reflect: SLS' experienced management and staff, with very low overall turnover levels. The Computershare Loan Services (CLS) enterprise compliance management system and governance framework designed at the enterprise level and uniformly cascaded to SLS. CLS' enterprise-level direct oversight and support of key control functions, such as vendor management, IT, complaint management, and lines of defense. SLS' strong internal control environment with multiple lines of defense, enterprise risk management and analytics, and systems automation to support each function. SLS' well-designed information technology (IT)

...On May 13, 2021, S&P Global Ratings affirmed its rankings on Specialized Loan Servicing LLC as a residential mortgage primary, subprime, special, and subordinate-lien loan servicer at ABOVE AVERAGE. The outlook on the rankings is stable. Our rankings reflect: + SLS' experienced management and staff, with very low overall turnover levels. + The Computershare Loan Services (CLS) enterprise compliance management system and governance framework designed at the enterprise level and uniformly cascaded to SLS. + CLS' enterprise-level direct oversight and support of key control functions, such as vendor management, IT, complaint management, and lines of defense. + SLS' strong internal control environment with multiple lines of defense, enterprise risk management and analytics, and systems automation to support each function. + SLS' well-designed information technology (IT) infrastructure, applications, and controls surrounding cybersecurity. + SLS' innovative use of technology to automate the COVID-19...

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