After being assigned an RPS3 rating as a residential primary servicer for its prime product in August, PHH Mortgage was assigned additional servicer ratings by rating agency Fitch on Monday. Fitch said that the servicer’s assigned ratings and Stable Outlook reflected the company’s experienced senior management staff, enterprise-wide risk environment, compliance protocols and investments in its servicing technology.
The additional RPS 3 U.S. residential primary servicer rating was given to PHH for its Alt-A, subprime, and HELOC products as well as for being a special servicer and its specialty closed-end second lien operations.
According to Fitch, it reviewed PHH’s financial statements to provide an internal assessment as a company’s financial condition is one of the…
