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Rushmore Loan Management Services Opens Branch in Puerto Rico

Rushmore Loan Management Services Puerto RicoIrvine, California-based residential loan servicer Rushmore Loan Management Services opened a branch in San Juan, Puerto Rico, earlier this month.

Rushmore services performing, re-performing, and non-performing residential loans. The Puerto Rico location is the firm's third office (the first two are in Irvine, California, and Dallas, Texas), and the first outside of the continental U.S.

"Expanding our operations to include Puerto Rico is a great opportunity for our future growth while ensuring personal, high-quality service to Puerto Rican borrowers," Rushmore CEO Terry Smith said. "Rushmore’s customers will have the convenience of making payments online, at any FirstBank branch throughout the Island and at our onsite facility in San Juan."

According to Smith, the new San Juan office is currently staffed with 50 local employees who have already begun servicing REO properties in the area. Rushmore is the first Specialty High Touch servicer in Puerto Rico, and the new office aligns with Rushmore's strategy of buying additional mortgage portfolios, acquiring new sub-servicing residential loan pools, and purchasing mortgage servicing rights.

"We’ve been successful in this role stateside, and now look forward to expanding our services to Puerto Rican borrowers and local residential loans," Smith said.

About Author: Brian Honea

Brian Honea's writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master's degree from Amberton University in Garland.

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