Powered by MOMENTUM MEDIA
subscribe to our newsletter
S&P affirms Resimac's loan servicing strength

S&P affirms Resimac's loan servicing strength

Standard & Poor's has affirmed the 'strong' rankings assigned to non-bank lender Resimac as a prime and sub-prime residential-loan servicer.

The rankings reflect S&P's view of Resimac's continued solid servicing quality, strong management team, comprehensive corporate governance and risk-management framework, and well-designed scalable technology platform.

S&P noted that prime and sub-prime residential loan service rankings reflect Resimac's continued solid servicing quality and key service strengths, which include its senior management team's extensive experience and a robust management structure.

Advertisement
Advertisement

"While Resimac's sub-prime track record is relatively limited, we believe Resimac has leveraged its prime residential loan servicing experience to build a non-conforming and sub-prime business comparable to its prime loan-servicing operations," according to an S&P update.

"The stable outlook on the prime and sub-prime rankings reflects our expectation that Resimac will continue to be an efficient and competent residential loan servicer, which is underpinned by its experienced management team, qualified staff, and substantial technology infrastructure."

 

S&P affirms Resimac's loan servicing strength
mortgagebusiness

 

Latest News

A new acting CEO of ANZ New Zealand has been appointed to replace David Hisco, who has been embroiled in allegations of mischaracterising pe...

CoreLogic has reported a spike in auction volumes and an improvement in clearance rates across Australia’s combined capital cities. ...

The Tasmanian bank has announced the sale of its financial planning business assets to Fiducian Group. ...

FROM THE WEB
podcast

LATEST PODCAST: Movers and shakers

Do you think the banking royal commission recommendations could negatively impact competition in the mortgage market?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.