OVERVIEW We affirmed our rankings on Specialized Loan Servicing LLC at ABOVE AVERAGE as a residential mortgage primary, subprime, special, and subordinate-lien servicer. Specialized Loan Servicing LLC is a nonbank servicer and sub-servicer for third-party clients, with residential mortgage servicing operations primarily located in Colorado and Arizona. The outlook on each of the rankings is stable. NEW YORK (S&P Global Ratings) May 9, 2018--S&P Global Ratings today affirmed its ABOVE AVERAGE rankings on Specialized Loan Servicing LLC (SLS) as a residential mortgage primary, subprime, special, and subordinate-lien servicer. The outlook on each of the rankings is stable. Our rankings reflect: Experienced management and staff that have achieved measured year-over-year portfolio growth in agency and non-agency products. A solid focus on