Select Portfolio Servicing Names Matt Hollingsworth Chief Executive Officer

Sep 10, 2004, 01:00 ET from Select Portfolio Servicing, Inc.

    SALT LAKE CITY, Sept. 10 /PRNewswire/ -- Select Portfolio Servicing, Inc.
 (SPS) announced today that current president, Matt L. Hollingsworth has been
 named chief executive officer. Hollingsworth succeeds James H. Ozanne who has
 been appointed non-executive chairman of the board of SPS.
     "Matt brings more than 18 years of mortgage industry and leadership
 experience to SPS," said Ozanne. "In the more than 18 months that Matt has
 been with SPS, we have worked together to ensure that we were fully
 implementing and continually improving our responsiveness to consumers, and
 providing strong servicing metrics. I expect this to be a very smooth
     Hollingsworth joined SPS at the end of 2002. Prior to joining the company,
 Hollingsworth was in charge of U.S. Branch Operations for Associates First
 Capital Corporation. Before that, Hollingsworth was senior executive officer
 responsible for Finance Company Operations of NationsBank.
     About Select Portfolio Servicing
     Select Portfolio Servicing is a leading nonprime residential mortgage loan
 servicer headquartered in Salt Lake City with facilities in Jacksonville, FL.
 It services approximately 350,000 non-prime residential mortgage loans.
     Over a 12-month period, SPS implemented leading-edge practices that set
 the standard in the industry for customer responsiveness while helping to
 responsibly manage the risk of the non-prime residential loan market.
     For more information about Select Portfolio Servicing, visit the company's
 Web site at

SOURCE Select Portfolio Servicing, Inc.