Shellpoint Mortgage Servicing ABOVE AVERAGE Residential Primary And Special Servicer Rankings Affirmed; Outlooks Stable - S&P Global Ratings’ Credit Research

Shellpoint Mortgage Servicing ABOVE AVERAGE Residential Primary And Special Servicer Rankings Affirmed; Outlooks Stable

Shellpoint Mortgage Servicing ABOVE AVERAGE Residential Primary And Special Servicer Rankings Affirmed; Outlooks Stable - S&P Global Ratings’ Credit Research
Shellpoint Mortgage Servicing ABOVE AVERAGE Residential Primary And Special Servicer Rankings Affirmed; Outlooks Stable
Published Mar 17, 2020
3 pages (1367 words) — Published Mar 17, 2020
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

OVERVIEW We affirmed our overall ABOVE AVERAGE rankings on Shellpoint Mortgage Servicing as a residential mortgage primary and special servicer. Shellpoint Mortgage Servicing operates as a division of NewRez LLC. Its servicing portfolio consists of over 1.1 million loans and $220 billion in unpaid principal balance as of Dec. 31, 2019. The outlooks are stable. FARMERS BRANCH (S&P Global Ratings) March 17, 2020--S&P Global Ratings today affirmed its ABOVE AVERAGE rankings on Shellpoint Mortgage Servicing (SMS) as a residential mortgage primary and special servicer. The outlooks are stable. Our rankings reflect: A seasoned and well-experienced senior management team. Sound internal controls that continue to season. A focus on mitigating borrower and operational impact related to boarding a large volume of

  
Brief Excerpt:

...March 17, 2020 OVERVIEW - We affirmed our overall ABOVE AVERAGE rankings on Shellpoint Mortgage Servicing as a residential mortgage primary and special servicer. - Shellpoint Mortgage Servicing operates as a division of NewRez LLC. Its servicing portfolio consists of over 1.1 million loans and $220 billion in unpaid principal balance as of Dec. 31, 2019. - The outlooks are stable. FARMERS BRANCH (S&P Global Ratings) March 17, 2020--S&P Global Ratings today affirmed its ABOVE AVERAGE rankings on Shellpoint Mortgage Servicing (SMS) as a residential mortgage primary and special servicer. The outlooks are stable. Our rankings reflect: - A seasoned and well-experienced senior management team. - Sound internal controls that continue to season. - A focus on mitigating borrower and operational impact related to boarding a large volume of loans. - Servicing-performance metrics that are mostly competitive with similarly ranked peers. - Dedicated staff to manage its special servicing portfolios. -...

  
Report Type:

Ratings Action

Ticker
9245349Z
Issuer
NewRez LLC
Sector
Structured Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Shellpoint Mortgage Servicing ABOVE AVERAGE Residential Primary And Special Servicer Rankings Affirmed; Outlooks Stable" Mar 17, 2020. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Shellpoint-Mortgage-Servicing-ABOVE-AVERAGE-Residential-Primary-And-Special-Servicer-Rankings-Affirmed-Outlooks-Stable-3061960>
  
APA:
S&P Global Ratings’ Credit Research. (). Shellpoint Mortgage Servicing ABOVE AVERAGE Residential Primary And Special Servicer Rankings Affirmed; Outlooks Stable Mar 17, 2020. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Shellpoint-Mortgage-Servicing-ABOVE-AVERAGE-Residential-Primary-And-Special-Servicer-Rankings-Affirmed-Outlooks-Stable-3061960>
  
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