Who Owns Specialized Loan Servicing?
- What is Specialized Loan Servicing?
- Who Owns Specialized Loan Servicing?
- What Does Specialized Loan Servicing Do?
- How Does Specialized Loan Servicing Work?
- What Are the Benefits of Specialized Loan Servicing?
- What Are the Drawbacks of Specialized Loan Servicing?
- How Much Does Specialized Loan Servicing Cost?
- How Does Specialized Loan Servicing Compare to Other Loan Servicing Companies?
- What Are the Alternatives to Specialized Loan Servicing?
- Where Can I Get More Information About Specialized Loan Servicing?
Specialized Loan Servicing is a company that services loans. They are based out of Denver, Colorado.
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What is Specialized Loan Servicing?
Specialized Loan Servicing, LLC (“SLS”) is a residential mortgage loan servicing company. The Company services mortgage loans for investors, including mortgage bankers, commercial banks, credit unions, savings institutions, conduits/securitization vehicles and government-sponsored entities. SLS also provides loss mitigation and bank foreclosure prevention assistance to borrowers in order to help them avoid foreclosure and stay in their homes. As of December 31, 2016, the Company’s servicing portfolio consisted of approximately 1.6 million loans with an aggregate outstanding principal balance of $219.3 billion.
Who Owns Specialized Loan Servicing?
Specialized Loan Servicing (SLS) is a mortgage loan servicing company headquartered in Denver, Colorado. The company services loans for borrowers in all 50 states. As of March 31, 2019, SLS services approximately 1.8 million loan accounts with a aggregate unpaid principal balance of $302 billion.
SLS is a privately held company owned by several large financial institutions, including Blackstone Group, Pimco, and New Residential Investment Corporation.
What Does Specialized Loan Servicing Do?
Specialized Loan Servicing is a mortgage servicing company that services loans for borrowers in the United States. The company is headquartered in Denver, Colorado and was founded in 2007. The company services loans for borrowers who are struggling to make their mortgage payments, as well as those who are behind on their payments. Specialized Loan Servicing also assists borrowers who are seeking to modify their loans or who are in the process of foreclosure.
How Does Specialized Loan Servicing Work?
Specialized Loan Servicing (SLS) is a mortgage loan servicing company that services loans for homebuyers and homeowners. The company services loans for conventional home loans, FHA loans, VA loans, and portfolio loans. SLS also offers loss mitigation services for homeowners who are struggling to make their mortgage payments.
SLS was founded in 1994 and is headquartered in Denver, Colorado. The company has over 1,500 employees and services over 1.5 million loans.
What Are the Benefits of Specialized Loan Servicing?
There are many benefits to using Specialized Loan Servicing (SLS), especially if you have a mortgage. SLS is a direct subsidiary of Nationstar Mortgage, LLC and services loans for many major banks and investors. Because SLS is a large company with many years of experience, they are able to offer a variety of programs and services that can save you money and help you keep your home.
One of the biggest benefits of using SLS is their customer service. They have a team of experienced professionals who are available to help you with any questions or concerns you may have about your loan. They also offer a variety of tools and resources on their website, so you can learn more about the process and make sure you are getting the best possible deal.
Another benefit of using SLS is their flexibility. They offer a variety of repayment options, so you can choose the one that best fits your needs. They also have programs that can help you if you are having trouble making your payments or if you are at risk of foreclosure.
Overall, Specialized Loan Servicing is a great option for anyone with a mortgage. They have a lot to offer in terms of customer service, flexibility, and resources. If you are looking for a company that can help you save money and keep your home, SLS is worth considering.
What Are the Drawbacks of Specialized Loan Servicing?
While Specialized Loan Servicing has many benefits, there are also some potential drawbacks to be aware of. One notable downside is that the company has been the subject of multiple lawsuits in recent years. According to The Huffington Post, Specialized Loan Servicing has been hit with at least nine lawsuits since 2014, alleging a variety of issues including wrongful foreclosures, improper loan modifications, and illegal late fees.
Another potential drawback of working with Specialized Loan Servicing is that the company has been accused of being slow to respond to customer complaints. In 2015, the Consumer Financial Protection Bureau (CFPB) received nearly 1,300 complaints about the company, making it one of the most-complained-about servicers that year. In some cases, borrowers reported that it took more than six months to get a response from Specialized Loan Servicing after submitting a complaint.
If you’re considering working with Specialized Loan Servicing, be sure to do your research and weigh both the potential benefits and drawbacks before making a decision.
How Much Does Specialized Loan Servicing Cost?
If you’re looking for a comprehensive guide to who owns Specialized Loan Servicing, look no further. This detailed overview will tell you everything you need to know about this servicing company.
Specialized Loan Servicing is a mortgage loan servicing company that is headquartered in Denver, Colorado. The company was founded in 2007 and services loans for both residential and commercial properties. As of 2018, Specialized Loan Servicing services over 1.8 million loans with a total value of over $300 billion.
Specialized Loan Servicing is a subsidiary of Situs Holdings, LLC, which is itself a subsidiary of Ocwen Financial Corporation. Ocwen Financial Corporation is a publicly-traded company with a market capitalization of over $1 billion as of 2018.
As for how much Specialized Loan Servicing costs, there is no one-size-fits-all answer to this question. The cost of servicing your loan will depend on factors such as the type of loan you have, the terms of your loan agreement, and the state in which your property is located. That said, you can expect to pay between $25 and $35 per month in servicing fees for most loans serviced by Specialized Loan Servicing.
How Does Specialized Loan Servicing Compare to Other Loan Servicing Companies?
Because SoFi services such a wide variety of loans, it can be difficult to compare it directly to other servicers. For instance, Quicken Loans only services mortgage loans, while companies like Ocwen and PHH service both mortgage and non-mortgage loans. However, when compared to its closest competitors, SoFi excels in several key areas.
First, SoFi has some of the lowest customer complaints in the industry. In 2017, the Consumer Financial Protection Bureau (CFPB) received just four complaints about SoFi, compared to hundreds for other servicers. Second, SoFi offers many unique benefits that other servicers don’t provide, such as unemployment protection and career coaching. And finally, SoFi has lower rates and fees than most of its competitors.
What Are the Alternatives to Specialized Loan Servicing?
If you’re looking for an alternative to Specialized Loan Servicing, there are a few things to consider. There are dozens of loan servicers out there, so it’s important to choose one that will best fit your needs. Here are a few things to keep in mind when making your decision:
-Reputation: Be sure to research a loan servicer’s reputation before doing business with them. There are a lot of scams out there, so it’s important to be diligent.
-Fees: Compare the fees charged by different loan servicers. Some may charge higher interest rates or administrative fees, so it’s important to find one that is transparent about their pricing.
-Customer service: When you’re dealing with your finances, you want to make sure you’re working with a company that has excellent customer service. Find out what others have said about a loan servicer’s customer service before making your decision.
Where Can I Get More Information About Specialized Loan Servicing?
Specialized Loan Servicing is a loan servicing company that is headquartered in Denver, Colorado. The company services loans for both residential and commercial properties. Specialized Loan Servicing is a subsidiary of PHH Corporation, which is a publicly traded company on the New York Stock Exchange.