Quantum Servicing’s Residential Mortgage Special Servicer Ranking Raised by Standard & Poor’s
<div class="xn-content"><p><span class="xn-location"><location value="LU/us.fl.tampa" idsrc="xmltag.org">TAMPA, Fla.</location></span>, <span class="xn-chron"><chron>Oct. 10, 2011</chron></span> /PRNewswire/ -- <org>Quantum Servicing Corporation</org>, a unit of <org value="ACORN:1047793411" idsrc="xmltag.org">Clayton Holdings, LLC</org> and a special servicer of residential, commercial and small balance loans, said today that Standard & Poor's Rating Services (S&P), <span class="xn-location"><location value="LU/us.ny.nyc" idsrc="xmltag.org">New York</location></span>, has raised the company's residential mortgage special servicer rating to "Above Average" from "Average." </p><p>S&P also raised its subrankings for Quantum's management and organization and loan administration to "Above Average" from "Average." "The upgrade reflects our opinion of the company's tenured management team, efficient systems environment, proficient default management strategies, and improvement in internal controls, including hiring an outside auditor to handle traditional internal audit functions," said S&P.</p><p>S&P added: "In our opinion, Quantum has implemented a comprehensive investor reporting platform that is more highly developed than those of most of its peers. In addition to the reports Quantum produces that are required under its guidelines, investors have the flexibility to create custom reports. Customers also have direct access to remittance, performance, and origination data on a loan-by-loan and transaction level."</p><p>"At Quantum, our goals have always been to minimize loss severity to investors and keep borrowers in their homes," said <span class="xn-person"><person>Scott Conradson</person></span>, President of Quantum. "We are very happy that S&P has recognized our efforts."</p><p><b>About Quantum</b></p><p><org>Quantum Servicing Corporation</org>, headquartered in <span class="xn-location"><location value="LU/us.fl.tampa" idsrc="xmltag.org">Tampa, Florida</location></span>, is a wholly owned subsidiary of <org>Clayton Holdings LLC</org>. Quantum performs primary and special servicing on prime, Alt-A, sub-prime performing and non-performing loans in both the residential and commercial real estate sectors -- maximizing financial returns for clients' investments by improving loan performance, increasing cash flow and, when necessary, facilitating liquidation. Quantum specializes in transforming heavily delinquent, non-performing loans into cash-flowing assets, delivering customized solutions through proprietary, state-of-the-art technology, extensive analytics and reporting, effective mitigation strategies and an experienced, well-trained staff.</p><p><b>About <org value="ACORN:1047793411" idsrc="xmltag.org">Clayton Holdings LLC</org></b></p><p><org value="ACORN:1047793411" idsrc="xmltag.org">Clayton Holdings LLC</org> headquartered in <span class="xn-location"><location value="LU/us.ct.sheton" idsrc="xmltag.org">Shelton, Connecticut</location></span>, is a leading provider of customized risk analysis, loss mitigation and operational solutions that support the mortgage and fixed income industries. Clayton's services encompass analytics, residential and commercial loan due diligence, consulting, credit risk management and surveillance, independent pricing, specialized loan servicing, and staffing solutions. Clayton provides transparency, independence, expertise and quality resources to leading investment & commercial banks, institutional investors, government agencies and service providers internationally. Additional information is available at <a href="http://www.clayton.com/">www.clayton.com</a>.</p><p>SOURCE <org value="ACORN:1047793411" idsrc="xmltag.org">Clayton Holdings LLC</org></p></div>
New El Paso Children’s Hospital chief hopes to ‘raise bar’ for children’s care in El Paso [El Paso Times, Texas]
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News