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Staff Reporter
Standard & Poor’s Ratings Services has today assigned a strong residential loan servicer ranking to Australia-based Unisys Mortgage Processing RHG (UMP).
UMP is a 100 per cent owned subsidiary of Unisys Credit Services, which is also ranked strong by the ratings agency.
The new legal entity was established in December 2010 to provide third-party servicing functions to one of UCS' clients.
According to a statement by Standard & Poor’s, the ‘strong’ ranking reflects the companies’ key servicing strengths including strong risk management and audit framework, as well as very good documentation, tracking, reporting, and achievement of client service-level standards.
The stable outlook on the overall servicer rankings reflects the companies' emphasis on data integrity, quality assurance, and reporting and managing to client service levels.
UCS continues to enhance and improve its operations, with a focus on continuously strengthening its technological platform.
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