Select Portfolio Servicing (SPS) is a loan servicing company located in Salt Lake City, Utah (headquarters) and Jacksonville, Florida (operations). Founded in 1989 as Fairbanks Capital Corp, this company specializes in providing single-family residential mortgage loans. The company also provides impaired credit loans and non-performing loans to many of its clients, which include commercial and investment banks, mortgage finance companies and bond insurers.
The company furnishes almost 300,000 residential mortgage loans. In 2005, Select Portfolio Servicing, Inc. was acquired as a subsidiary by the Swiss financial services company, Credit Suisse. Select Portfolio Servicing is one of the leading sub-prime mortgage servicing companies in the United States. The underwriting and fulfillment functions of Credit Suisse are also performed by SPS.
There are certain selected companies which make use of the services provided by SPS to get sub-prime residential mortgage loans. The fiscal year for this company ends in December.
The management of Select Portfolio Servicing consists of:
Matt L. Hollingsworth, CEO
Brent Rasmussen, CIO
Bryan Marshall, CFO
The problems that the company has faced in the recent past have been solved, and a major management overhaul has aided its recovery from legal problems.
The main competitors of SPS are:
Litton Loan Servicing
Contact Details of Select Portfolio Servicing:
Address: 3815 South West Temple
Salt Lake City UT 84115
Last Updated on : 8th July 2013