Origen Receives Servicer Rating
Origen Financial, a real estate investment trust that originates and services manufactured housing loans, said its servicing subsidiary has received a servicer quality rating of "SQ2-minus," or "above average," from Moody's Investors Service.
The rating, which is Origen Servicing Inc.'s initial servicer rating from Moody's, covers Origen's servicing of manufactured housing loans. Moody's cited Origen's "aggressive collection strategy" and "solid technological investment" as factors in the rating.
Mark Landschultz, executive vice president of portfolio management at Origen, said in a news release that the Moody's review "supports our long-term strategy of using our technology, superior service and high quality originations to build value, and should provide our bond investors with additional confidence that our bonds will continue to deliver outstanding performance." (c) 2006 Mortgage Servicing News and SourceMedia, Inc. All Rights Reserved. http://www.mortgageservicingnews.com http://www.sourcemedia.com