Standard & Poor's admits servicers to the Select Servicer List based on a comprehensive assessment of firms' operational capabilities for servicing commercial mortgage, residential mortgage or asset-backed portfolios.
MSMS was awarded the highest possible ranking for a company at its stage of development. This was based on Standard and Poor’s assessment of the company having experienced management, strong controls, good staff retention and an ongoing program to develop its products and customise them to individual client requirements.
In its outlook for the company Standard and Poor’s views MSMS as having committed considerable historical and ongoing investment in necessary resources for growth, which has positioned it favourably to capitalize on a growing marketplace. It also viewed MSMS as capable of handling all aspects of mortgage processing, including new business underwriting.
Marcella Rich, chief operating officer at MSMS, comments:
“This demonstrates that we have the necessary resources, systems and controls in place to provide secure, valuable outsourcing services to mortgage companies and with regulation approaching we see a higher demand for these services over the coming years.”
