Fitch improves Rushmore Loan Management memos


IRVINE, Calif .– () –Rushmore Loan Management Services (“Rushmore” or the “Company”) today announced that Fitch Ratings has improved the Company’s US RMBS memos in three categories: major major US supplier (RPS1- instead of RPS2), under – American main processor (RPS1-instead of RPS2), and American special service (RSS1- from RSS2), all with stable prospects.

According to fitch report, the enhanced notes “reflect the company’s diligent response to the coronavirus pandemic and its impact on service operations, an effective company-wide risk environment and compliance management system, service performance metrics competitive lending and strong service technology.

Additionally, Fitch noted that “Rushmore promotes a culture of continuous improvement throughout the company, investing in significant technological and operational improvements. ”

“These improved ratings are a testament to the quality of our service platform and the strength of our processes, operations and technologies, ”said Terry L. Smith, CEO of Rushmore. “The ratings also highlight the tremendous efforts of our team to provide the highest levels of service to our customers and clients every day. ”

Fitch rates primary, principal and special residential mortgage services on a scale of 1 to 5, with 1 being the highest rating. It also delimits the dimensions with plus (+) and minus (-).

About Rushmore Loan Management Services

Rushmore Loan Management Services LLC is a provider and originator of residential mortgages with services that include special services and major sub-services, matching loans and disposition of property. He is dedicated to providing exceptional customer service and support with a commitment to ethical business practices. For more information visit www.RushmoreLM.com.


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