NEW YORK, Aug. 13, 2015 /PRNewswire/ -- Morningstar Credit Ratings, LLC today assigned its 'MOR RV2' residential vendor ranking for SWBC Lending Solutions, LLC, a wholly owned subsidiary of SWBC, as a residential vendor in the asset valuation market. The forecast for the ranking is Positive.
The assigned ranking reflects Morningstar's assessment of SWBC Lending Solutions' tenured management team, effective technology environment, and client-driven performance results. The Positive forecast reflects SWBC Lending Solutions' ability to leverage shared services such as human resources, training, legal and compliance, information technology, and internal audit in conjunction with its corporate parent.
SWBC Lending Solutions' organization benefits from a comprehensive quality control- and performance-driven culture arising from a solid training regimen, comprehensive and client-specific policies and procedures, internal performance monitoring and reporting, and proactive vendor-management protocols. SWBC has developed a robust grading and score-card 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.
In October 2014, SWBC Lending Solutions acquired Equi-Trax Asset Solutions LP and Quality Valuation Services (QVS). The integration of the Equi-Trax and QVS businesses, which are now known as SWBC Lending Solutions, has progressed rapidly, and further integration of audit and risk management oversight and technology resources is scheduled to occur in 2016. SWBC has the requisite technology, infrastructure and parent company resources, and diversified product offerings to position the company well for continued growth and market expansion in the valuation services industry.
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