Reverse mortgage servicer Reverse Mortgage Solutions (RMS) has been awarded a rating of Above Average by Standard & Poor's (S&P). According to RMS, no other company in the reverse mortgage sector has achieved this rating.
S&P cited RMS' strong management team (and support staff), its ‘outstanding’ RM Navigator Servicing System and its financial stability in awarding the rating. The final write-up is being reviewed and is expected to be published within a month.
RMS also notes that it recently officially boarded 10,000 loans to its system and is optimistic that it can reach 20,000 loans boarded by the end of the year.
Source: Reverse Mortgage Solutions
