Skip to main content

Rushmore Loan Management Approved as a Freddie Mac Seller

Nov 14, 2013

Rushmore Loan Management Services LLC announced two positive corporate developments that support a strong outlook for the company’s business. The company has announced that it has received approval to act as a Freddie Mac seller/servicer. With this approval, Rushmore is now an approved seller/servicer for both government-sponsored enterprises, Freddie Mac and Fannie Mae, as well as an approved issuer of Ginnie Mae mortgage backed securities.    “The Freddie Mac approval will significantly expand the company’s business, enabling Rushmore to originate and service loans for a new customer base,” said Terry Smith, CEO of Rushmore Loan Management Services LLC. “This is an important designation for both our employees and broker clients, and we are confident that this will be a competitive advantage as we look to grow the business.” Rushmore also announced that it had received a positive rating from Standard & Poor's Ratings Services, which assigned an average ranking to Rushmore as a residential special servicer and residential primary servicer. Standard & Poor's specifically identified Rushmore’s strengths as its experienced management and staff, its multiple auditing mechanisms, its proprietary technology along with a vendor system, its competitive servicing metrics, and good oversight and controls throughout the default areas. Standard & Poor's also ranked Rushmore’s management and operations as above average. “This is a great vote of confidence for Rushmore as a growing organization, and we will continue to make investments in the company to ensure excellent service and controls that exceed our customers’ expectations,” said Smith.
About the author
Published
Nov 14, 2013
Taking Fannie And Freddie Public A Good Move Or Not: NMP Readers Respond

Survey returns mixed, polarized results from respondents — along with significant uncertainty

5 Questions On Potential Changes To Fannie And Freddie

Polunsky Beitel Green Principal Marty Green talks changes at the GSEs and impacts they could have on housing and mortgage

Housing, Economic Leaders Embrace New Digital Opportunities

It’s Crypto Week at the Capitol, with some getting ready for breakthrough regulations that could change financial services

Some Question Lenders’ And Others’ Readiness To Use VantageScore 4.0

Following FHFA announcement Tuesday, doubts arise regarding potential changes that may be needed to move to VantageScore credit scoring

HUD Freezes Foreclosures On FHA Mortgages In Texas Flood Zone

Kerr County homeowners among hardest hit in disaster that’s claimed more than 100 lives

Jul 09, 2025
Fannie, Freddie Now Allow Lenders To Use VantageScore 4.0

Lenders will keep tri-merge credit scoring model; what this shift means