NEW YORK, March 18, 2016 /PRNewswire/ -- Morningstar Credit Ratings, LLC today assigned its 'MOR RV1' residential vendor ranking to ServiceLink Valuation Solutions, LLC (ServiceLink), a subsidiary of Fidelity National Financial, as a residential vendor in the asset valuation market. Morningstar's forecast for the ranking is Stable.
ServiceLink has developed strong vendor-selection criteria and vendor-rating standards that effectively measure vendor performance, as reflected in the execution of service-level agreements with its customers. ServiceLink's proprietary technology provides the company with a flexible platform that embeds comprehensive quality-assurance standards in work orders received from vendors.
Additionally, the technology provides a comprehensive rating system for evaluating the quality of work by both external vendors and internal quality-assurance staff. ServiceLink has developed enterprise-wide policies and procedures to ensure the consistent application of company practices. A pervasive training and continuing-education culture provides advancement opportunities for staff and management while minimizing turnover. ServiceLink's flexible business model and technology provide the company with a platform from which to pursue market growth and a diversified business strategy.
ServiceLink has effective vendor management oversight in place for selecting, qualifying, and assessing vendor performance. The company has developed a scoring system to monitor and measure the company's performance and product quality against service-level agreement goals, enabling senior management to assess capacity and workflow to meet or exceed client benchmarks.
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Morningstar Credit Ratings, LLC is a nationally recognized statistical rating organization (NRSRO) offering a wide array of services including new-issue ratings and analysis, operational risk assessments, surveillance services, data, and technology solutions.
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Morningstar rankings, forecasts, and assessments contained in this press release are not assessments of the creditworthiness of an obligor or a security and thus are not credit ratings subject to NRSRO regulations.
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SOURCE Morningstar Credit Ratings, LLC