Servicer Evaluation: Target Servicing Ltd. Nov 11
- ID: 2027258
- November 2011
- Standard & Poors
Standard & Poor's Ratings Services' overall ranking on Target Servicing Ltd. is ABOVE AVERAGE as a primary servicer of residential mortgages in the U.K., and ABOVE AVERAGE as a primary servicer of consumer finance loans in the U.K. The rankings reflect our view of the following: There is a healthy new business pipeline, which Target Servicing expects will generate additional business across a number of business segments. Since we last reported, Target Servicing has boarded four new loan portfolios and is now servicing them. Three additional portfolios are being built through client originations, including one residential and one consumer finance portfolio. A contract has been signed to board a portfolio of residential loans in excess of -1 billion in 2012....
Companies mentioned in this report are: Target Servicing Ltd.
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