Standard & Poor's (S&P) has added Marix Servicing LLC to its Select Servicer List. By including Marix on the Select Servicer List, S&P recognizes the servicing capabilities of Marix based on its experienced management team, innovative loss mitigation strategies, and its timely and effective high-touch/high-technology methods for distressed and delinquent portfolios, says Marix.
Marix is a Phoenix-based specialty default servicer that was formed by Marathon Asset Management LLC. ‘We are uniquely positioned to service distressed mortgage portfolios and effectively resolve troubled loans in today's challenging environment,’ says Rick Smith, president and CEO. Marix's management team has a substantial subprime mortgage servicing background.
S&P evaluates loan servicers and includes them on its Select Service List based on a comprehensive assessment of a firm's operational capabilities for servicing residential mortgage portfolios. The analysis examines the firm's management and organization, internal controls, historical portfolio performance, cash management, organizational efficiency and loan/asset administration.
Source: Marix Servicing
