Residential Credit Solutions (RCS) has been added to Standard & Poor's (S&P) Select Servicer List as a residential subprime and special servicer – the only servicer named to the subprime category in August. S&P's Select Servicer List reflects a positive assessment of servicers' financial position, regulatory compliance, and management strengths and weaknesses.
Founded in December 2006, RCS is a mortgage investment and servicing company that currently manages approximately $1 billion in performing and nonperforming residential mortgage loans and has over 122 employees in offices in Fort Worth, Texas; Los Angeles; and New York.
RCS provides high-touch special servicing for its bank and thrift partners and owners of mortgage credit risk that need additional servicing capacity to manage at-risk, subperforming and nonperforming residential loans.
SOURCE: Residential Credit Solutions