
Quantum Servicing Assigned Its First Commercial Loan Servicer Rating by Standard & Poor's
TAMPA, Fla., Oct. 19, 2011 /PRNewswire/ -- Quantum Servicing Corporation, a unit of Clayton Holdings, LLC and a special servicer of residential and small balance commercial loans, said today that Standard & Poor's Rating Services (S&P), New York, assigned the company an "Average" ranking as a small balance commercial loan servicer and special servicer. This is Quantum's first rating in this category, the company said.
S&P also assigned a subranking of "Above Average" for Quantum's management and organization. In assigning the rankings, S&P said: "In our view, Quantum has the appropriate expertise in its management and staff to effectively perform small commercial loan administration and default management, including timely resolution. We believe that the company's established employee training program for the staff members servicing small balance commercial loans and small balance special loans is satisfactory. In our opinion, the company employs the appropriate level and emphasis on analytics and the company's robust policies developed that provide for effective governance."
"The outlook [for the company] is stable," S&P added. "Management appears committed to improving the company's performance and profits by growing its small balance commercial loan servicing portfolios. Quantum has grown its portfolio by offering services to third-party investors and has, in our view, capitalized on its experienced management team."
Scott Conradson, President of Quantum, said, "Small balance and commercial real estate loans are important components of our growth plans, so we are obviously pleased by our initial ranking in this category by S&P. It reflects the investments that we have made in talent, technology and training in this specialized area."
Clayton also noted that Quantum's residential mortgage special servicer ranking was recently upgraded to "Above Average" by S&P.
About Quantum
Quantum Servicing Corporation, headquartered in Tampa, Florida, is a wholly owned subsidiary of Clayton Holdings LLC. Quantum performs primary and special servicing on prime, Alt-A, sub-prime performing and non-performing loans in both the residential and commercial real estate sectors -- maximizing financial returns for clients' investments by improving loan performance, increasing cash flow and, when necessary, facilitating liquidation. Quantum specializes in transforming heavily delinquent, non-performing loans into cash-flowing assets, delivering customized solutions through proprietary, state-of-the-art technology, extensive analytics and reporting, effective mitigation strategies and an experienced, well-trained staff.
About Clayton Holdings LLC
Clayton Holdings LLC headquartered in Shelton, Connecticut, is a leading provider of customized risk analysis, loss mitigation and operational solutions that support the mortgage and fixed-income industries. Clayton's services encompass analytics, residential and commercial loan due diligence, consulting, credit risk management and surveillance, independent pricing, specialized loan servicing, and staffing solutions. Clayton provides transparency, independence, expertise and quality resources to leading investment & commercial banks, institutional investors, government agencies and service providers internationally. Additional information is available at www.clayton.com.
SOURCE Quantum Servicing Corporation
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