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Australia's FirstMac Assigned An 'Above Average' Residential Loan Servicer Ranking Mar 06
Standard & Poors, March 2006
Abstract
MELBOURNE (Standard & Poor's) March 28, 2006--Standard & Poor's Ratings Services today assigned FirstMac Ltd. (FirstMac) an 'ABOVE AVERAGE' residential loan servicer ranking in Australia, with a stable outlook. FirstMac has also been included on Standard & Poor's global select servicer list. The 'ABOVE AVERAGE' ranking reflects the strength of FirstMac's fully integrated, web-enabled, and technology-based loan origination, underwriting, and servicing platform. The systems provide end-to-end processing configured around clearly defined process and workflows. Technology is integral to the loan-servicing platform, and is supported by well-resourced IT teams and a strong change management focus. 'FirstMac's servicing model allows originator managers to perform servicing functions on its behalf. FirstMac supports this through sophisticated technology and well-resourced customer service support teams. All...
Companies mentioned in this report are: FirstMac Ltd.
Action: Servicer Ranking
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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