Standard & Poor's Corp. has upgraded its reverse mortgage servicing ranking for Celink - a company it said is the largest independent servicer of private label HECMs - based on improvements to its staff and operations. S&P raised the ranking to "above average" from "average," citing "the addition of new experienced management personnel, significantly improved proprietary systems environment, efficient internal controls, superior policies and procedures, additional staff, and an overall increase in the ability to effectively service reverse mortgage loans." S&P also said Celink "remains the fourth-largest servicer of Home Equity Conversion Mortgages."
Processing Content
