BSI Financial Services
has announced that Standard & Poor's has awarded the company an Average ranking as a residential primary servicer. This was the first rating Standard & Poor’s has awarded to BSI Financial Services and officially adds the company to the S&P Select Servicer list of servicers.
In its review, S&P noted several favorable conditions at BSI Financial, including its seasoned and experienced management team, its internal control framework, and a robust data reporting capability offered through its BSI ASSET360 platform. The report also highlighted BSI Financial's ongoing investment in technology to further its servicing capabilities, strengthen operational control and improve efficiency.
S&P reported that the outlook for BSI Financial's ranking is stable and noted the sufficiency of its financial position.
"This rating reflects our ongoing commitment to innovation in servicing to improve efficiency, transparency and, ultimately, the user experience," said Gagan Sharma, BSI Financial President and Chief Executive Officer. "Continuous improvement is central to our ongoing quest to create sustainable home ownership. We are particularly pleased that S&P noted our robust reporting capability enabled by ASSET360.”