Specialized Loan Servicing LLC Acquired By Lexia

Posted by Orb Staff on September 15, 2008 No Comments
Categories : Mortgage Servicing

Specialized Loan Servicing (SLS), a Highlands Ranch, Colo.-headquartered primary and special servicer of residential mortgage loans, says that Lexia LLC, a wholly owned subsidiary of Tokyo-based Shinsei Bank Limited, has acquired an 82.35% equity interest in the company.

‘Shinsei Bank is a leading Japanese financial institution with a strong track record in the distressed debt space,’ states John Beggins, CEO of SLS. ‘The financial credibility that we gain through this arrangement, complimented by SLS' highly regarded special servicing capabilities, provides the ideal servicing platform for our existing clients and positions SLS strongly for future growth.’

Source: Specialized Loan Servicing

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