""Marix Servicing LLC"":http:// www.marixservicing.com, a specialty default servicer located in Phoenix, Arizona, recently announced that the company has been approved by"" Freddie Mac"":http://www.freddiemac.com as a servicer for the GSE's home mortgage (1-4 unit) program.
The company explained that the approval signifies Marix's ability to service investment-quality loans employing Freddie Mac’s high quality control standards, staffing requirements, and proper procedures.
Rick Smith, president and CEO of Marix, commented, ""We are proud of the work that we do at Marix, assisting asset owners and their borrowers during these tough economic times. Freddie Mac’s confirmation further validates our efforts to be a superior mortgage servicer.""
Marix Servicing was formed by ""Marathon Asset Management, LLC"":http://www.marathonfund.com . Marathon is a global investment firm with $10 billion in capital under management. The firm has broad experience investing in and financing residential mortgage loans, and a history of investing in the financial services industry.