OVERVIEW We affirmed our ABOVE AVERAGE rankings on Specialized Loan Servicing as a residential mortgage primary, special, subprime, and subordinate-lien servicer. Our rankings reflect the company's experienced senior and middle management teams, solid internal controls and policies and procedures, continued investment in technology, focus on customer experience, and elevated levels of management and staff turnover throughout the operations, among other factors. The outlooks for the rankings are stable. NEW YORK (S&P Global Ratings) Dec. 20, 2016--S&P Global Ratings today affirmed its ABOVE AVERAGE residential primary, special, subprime, and subordinate-lien servicer rankings on Specialized Loan Servicing (SLS). The outlooks for the rankings are stable. The rankings reflect: Experienced senior and middle management teams; Continued enhancements to internal controls as SLS transitioned