?Above Average? Residential Loan Servicer Ranking On FirstMac Ltd. Affirmed Aug 07

  • ID: 2033961
  • August 2007
  • Standard & Poors
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MELBOURNE (Standard & Poor's) Aug. 28, 2007--Standard & Poor's Ratings Services today affirmed its 'ABOVE AVERAGE' residential loan servicer ranking for Australian servicer FirstMac Ltd. (FirstMac). The servicer ranking outlook is stable. FirstMac remains on Standard & Poor's global select servicer list. The ranking reflects the strength of FirstMac's fully integrated, web-enabled, and technology-based loan origination, underwriting, and servicing platform. The platform provides end-to-end processing configured around clearly defined processes and workflows. Technology is integral to the loan-servicing platform, which is supported by well-resourced IT teams and a strong change management focus. FirstMac services on behalf of originator managers and private label clients. It also performs servicing functions for residential loans it sources from brokers and aggregators. FirstMac supports its...

Companies mentioned in this report are: FirstMac Ltd.
Action: Affirmed

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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FirstMac Ltd.

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