Fitch Affirms RoundPoint Mortgage Servicing Corporation's U.S. RMBS Servicer Ratings; Outlook Positive
CHARLOTTE, N.C., July 3, 2012 /PRNewswire/ -- Fitch Ratings has affirmed RoundPoint Mortgage Servicing Corporation's primary servicer rating for subprime product at 'RPS3' with a positive outlook and special servicer rating at 'RSS3' with a positive outlook.
A leading national mortgage servicing company, RoundPoint plays an integral role in servicing credit-sensitive loans while helping investors mitigate losses. RoundPoint's efforts center on working with borrowers to provide the best customer experience and ensuring investors achieve superior credit performance while remaining in compliance with today's rapidly changing regulatory framework.
Fitch's rating actions address RoundPoint's residential primary and special servicing operations and reflect the company's capable default performance, focused high-touch servicing approach, investments in servicing technology and internal controls.
Fitch's ratings indicate RoundPoint is a reliable servicing platform with the capacity and infrastructure to maintain and increase its residential servicing operations.
"We continue to invest heavily in the company, improving our servicing technology, strengthening our talent base, and building a compliance organization that is a sharp, competitive edge in a continuously shifting regulatory environment," said Dave Worrall, president of RoundPoint Mortgage Servicing. "Fitch's positive outlook is appreciated encouragement."
Founded in 2007, RoundPoint provides innovative custom solutions for managing credit-sensitive residential mortgages. RoundPoint's diverse client base, which includes international and regional banks, credit unions and private equity and hedge funds, has given the Charlotte-based company an abundance of experience managing the most complex servicing relationships. An approved Fannie Mae and Freddie Mac servicer, RoundPoint has market-leading expertise servicing loans involved in both FDIC loss share and structured loan sale transactions.
ABOUT ROUNDPOINT MORTGAGE SERVICING CORPORATION
Headquartered in Charlotte, North Carolina, RoundPoint Mortgage Servicing Corporation is a fully licensed national mortgage servicer approved by Fannie Mae, Freddie Mac, Ginnie Mae, FHA, VA, FDIC and USDA. The Company is a fully owned subsidiary of RoundPoint Financial Group, which also operates a national mortgage lender, RoundPoint Mortgage Company. For more information about RoundPoint, please call 866-970-3863 or visit www.rpmservicing.com.
SOURCE RoundPoint Mortgage Servicing Corporation
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