Shellpoint Mortgage Servicing ABOVE AVERAGE Residential Prime, Special Servicing Rankings Affirmed; Outlooks Are Stable

OVERVIEW We affirmed our overall ABOVE AVERAGE rankings on Shellpoint Mortgage Servicing as a residential prime and special servicer. The company's prime and special servicing portfolios include approximately 200,000 loans, which is a 30% increase in loan count year over year. The outlooks are stable. DALLAS (S&P Global Ratings) July 5, 2018--S&P Global Ratings today affirmed its ABOVE AVERAGE rankings on Shellpoint Mortgage Servicing (SMS) as a residential prime and special servicer. The outlooks are stable. Our rankings reflect: An experienced executive management team that has remained constant. An established track record of executing its business strategy to grow the performing and special servicing portfolios at a measured pace. Management's expectation of no changes to its current business strategy following

...OVERVIEW + We affirmed our overall ABOVE AVERAGE rankings on Shellpoint Mortgage Servicing as a residential prime and special servicer. + The company's prime and special servicing portfolios include approximately 200,000 loans, which is a 30% increase in loan count year over year. + The outlooks are stable. DALLAS (S&P Global Ratings) July 5, 2018--S&P Global Ratings today affirmed its ABOVE AVERAGE rankings on Shellpoint Mortgage Servicing (SMS) as a residential prime and special servicer. The outlooks are stable. Our rankings reflect: + An experienced executive management team that has remained constant. + An established track record of executing its business strategy to grow the performing and special servicing portfolios at a measured pace. + Management's expectation of no changes to its current business strategy following New Residential Investment Corp.'s acquisition, which was completed on July 3, 2018....

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