The residential master servicer rating of Universal Master Servicing LLC, Charlotte, N.C., has been raised from RMS3-plus to RMS2-minus by Fitch Ratings.Fitch attributed the upgrade to "the company's ability to effectively oversee and monitor the loan accounting, investor reporting, and default management of its primary servicers and subservicers, continued investment in technology, and increasing use of automation." The rating also reflects the financial strength of UMS's majority owner, Wachovia Bank NA, Fitch said. The rating agency rates residential servicers on a scale of 1 to 5, with 1 being the highest rating.
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