Select Portfolio Servicing Company Description
Pssst: Select Portfolio Servicing (SPS) services subprime residential mortgage loans. In addition to servicing loans for parent company Credit Suisse (USA), SPS services impaired-credit loans and non-performing loans for a variety of third-party clients, including mortgage companies, banks, and bond insurers. It works through a network of brokers to sell lender-owned homes (generally homes that have been previously foreclosed on). The company services some 250,000 loans totaling around $26 billion. SPS operates offices in Jacksonville, Florida, and Salt Lake City.
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The Company Description provides a historical perspective of Select Portfolio Servicing's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Select Portfolio Servicing's evolution in the marketplace.
