LITTLE ROCK, Ark., May 11, 2016 /PRNewswire/ -- Central Mortgage Company (CMC), a subsidiary of Arvest Bank, was recognized recently by Fannie Mae as a five STAR designated mortgage servicer in Fannie Mae's Servicer Total Achievement and Rewards™ (STAR™) program in 2015. This designation is the result of CMC having one of the highest overall scores amongst the mortgage service companies in the program.
The STAR program evaluates a select group of mortgage servicers nationwide, grading them on performance, operational capabilities and effectiveness. Servicers are graded by a ranking of zero to five stars, with five-star designation being the highest recognition. Central Mortgage Company was ranked as a five-star mortgage service provider.
"This recognition is another validation that our team members are exercising performance excellence for our customers," said Steven Plaisance, President and CEO of Central Mortgage Company, a national mortgage servicer and subservicer. "Although a significant part of our duties is to collect mortgage payments, we also work to help struggling homeowners by providing them with solutions and working with them to help keep families in their homes."
Mortgage servicers are selected to participate in the STAR program based on the size of their portfolios. For more information on Fannie Mae's STAR program, go to: https://www.fanniemae.com/singlefamily/star.
About Central Mortgage Company
Central Mortgage Company (CMC) is a subsidiary of Arvest Bank servicing and subservicing more than $33 billion in mortgages for its more than 175,000 customers. CMC is an approved servicer of Fannie Mae, Freddie Mac and Ginnie Mae loans, and is in good standing with HUD and the VA. Additionally, Moody's Investors Service has rated CMC as an SQ2 primary servicer of prime residential mortgage loans. Fitch Ratings has rated CMC as an RPS 2 + residential mortgage primary servicer for its prime product.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/arvest-banks-central-mortgage-company-rated-as-5-star-servicer-by-fannie-mae-300266956.html
SOURCE Central Mortgage Company