Dec 18, 2006By Paul Jackson
Fitch Ratings announced that it has affirmed Specialized Loan Servicing, LLC’s (SLS) residential primary servicer ratings for Alt-A, subprime, and home equity line of credit (HELOC) products at ‘RPS3’ and its special servicer rating at ‘RSS3’. Headquartered in Highlands Ranch, Colorado, SLS is a privately-held mortgage servicing company owned by Terwin Advisers, LLC (Terwin) and its affiliates. SLS has been servicing loans since January 2004 and as of Aug. 31, 2006, serviced 134,817 loans with a principal balance of over $11 billion, a 63 percent growth in loan volume over the past year with a corresponding 56 percent increase in staff.
