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Nationstar Gives All REO Management to Xome

in Headlines, News November 22, 2016 2,567 Views

Bank Owned BHAccording to the latest Nationstar Mortgage LLC Servicer Report from Fitch Ratings, the servicer is now utilizing Xome for all of its field services and real estate owned (REO) asset management and closings.

“During the current review period, the company transferred all REO auction activity to Xome,” says Fitch Ratings’ report.

The report also states that Nationstar received a stable rating of 3+ for Alt-A, Subprime, and Special products.

“The affirmation of the servicer ratings and Stable Rating Outlook reflects Nationstar’s continued operational and technology enhancements, maturing internal control environment and financial condition,” says the report.

To read the full Fitch Ratings Nationstar Mortgage Servicer Report, click HERE.

About Author: Kendall Baer

Kendall Baer is a Baylor University graduate with a degree in news editorial journalism and a minor in marketing. She is fluent in both English and Italian, and studied abroad in Florence, Italy. Apart from her work as a journalist, she has also managed professional associations such as Association of Corporate Counsel, Commercial Real Estate Women, American Immigration Lawyers Association, and Project Management Institute for Association Management Consultants in Houston, Texas. Born and raised in Texas, Baer now works as the online editor for DS News.
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