Liberty recognised for loan servicing strength

S&P said the ranking reflects Liberty’s well-established position as a primary servicer of residential, commercial and auto lending, “with a high degree of industry knowledge and proficiency in the servicing market”.

The credit ratings agency said the non-bank lender’s key strengths also include its loan origination, underwriting and servicing platform, along with its automated platforms that “offer a flexible interface”.

S&P also noted Liberty’s “solid” management depth and “well-managed” staff strategies with “comprehensive” training programs, as well as its “established risk management and compliance framework, with sound internal controls”.

[Related: Firstmac recognised for ‘strong’ loan servicing]