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Roundup: Wells Fargo Gets Top Master Servicer Rating.(Wells Fargo Bank N.A.)(Brief article)

Mortgage Servicing News

| May 01, 2006 | COPYRIGHT 2006 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

New York -- Wells Fargo Bank has received the top master servicer rating, SQ1, from Moody's Investors Service. Moody's said the rating reflects Wells Fargo's strong reporting and remittance processes, above-average compliance and monitoring capabilities, and strong servicing stability. The master servicer operation is part of Wells Fargo's corporate trust services division, located in Columbia, Md. Wells Fargo employs 202 associates in its master servicing operations.

Wells Fargo's master servicer portfolio contained 2.19 million loans totaling $467.8 billion of outstanding principal at the end of February. The company provides third-party master servicing for ...

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Source: HighBeam Research, Roundup: Wells Fargo Gets Top Master Servicer Rating.(Wells Fargo...

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