Select Portfolio Servicing (SPS) is a loan servicing company located in Salt Lake City, Utah (headquarters) and Jacksonville, Florida (operations). Founded in 1989, with the name Fairbanks Capital Corp, this company specializes in providing single-family residential mortgage loans. Moreover, 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 insures. The company furnishes almost 300,000 residential mortgage loans. In 2005, the Select Portfolio Servicing, Inc. has been taken over by a Swiss financial services company, Credit Suisse.
Select Portfolio Servicing is one of the leading sub-prime mortgage servicing companies in the United States of America. The underwriting and fulfillment functions of Credit Suisse are also performed by the SPS. This company is a subsidiary of the Credit Suisse. There are certain selected companies which avail the services provided by the Select Portfolio Servicing to get sub prime residential mortgage loans. The financial year for this company ends in December.
The management of Select Portfolio Servicing consists of the following people:
- Matt L. Hollingsworth – CEO
- Brent Rasmussen – CIO
- Bryan Marshall – CFO
The problems that the company had faced a few years back have now been sorted out and the major management overhaul has helped the company recover from its legal problems. The main competitors of the Select Portfolio Servicing Inc. are as follows:
- ResCap
- Litton Loan Servicing
- Ocwen Financial
Contact Details of Select Portfolio Servicing:
Phone: 801-293-1883
Fax: 801-293-1297
Address: 3815 South West Temple
Salt Lake City UT 84115