Standard&Poor's Ratings Services' overall rankings for Specialized Loan Servicing (SLS) as a residential subprime, subordinate-lien, and special mortgage loan servicer are ABOVE AVERAGE. The outlook is positive. The rankings reflect Standard&Poor's view of the company's experienced management team, internal controls and risk management, training programs, policies and procedures, demonstrated default management expertise, robust level of automation, and effective use of technology. SLS provides metrics through Standard&Poor's SEAM (Servicer Evaluation Analytical Methodology) questionnaire, and the company's overall statistics generally align or are better than those of other similarly ranked residential mortgage servicers and other servicers we monitor. Year over year, SLS has continued to grow its servicing portfolio by increasing its number of third-party servicing
