Master Servicing
Providing transparency, security, and stability for your mortgage transaction.
With over 20 years of experience, Residential Funding Company, LLC provides master servicing to third parties, overseeing and managing all aspects of the deal. We have received high ratings from all three rating agencies - S&P, Moody's, and Fitch, validating our expertise. With the capability to service a breadth of products and deal structures, Residential Funding Company, LLC is ready to be your multi-faceted master servicer.
Providing oversight and acting as the advancing agent, calculating agent, and reporting agent, Residential Funding Company, LLC can perform the following duties:
- Collect loan data from primary servicers
- Calculate the expected principal and interest payments
- Reconcile any differences with servicers to ensure payment accuracy
- Manage default timelines to minimize losses to investors
- Review expense claims made by primary servicers
- Select and coordinate a special servicer
- Coordinate the transfer of servicing
- Act as investor advocate
- Provide loan-level and deal-level reporting to investors and clients
- Adhere to standards, including servicing guides, servicing agreements, and deal contracts
- Comply with Regulation AB
- Perform bond administration
- Calculate bond payments
- Administer real estate mortgage investment conduit (REMIC) taxes
- Bond model residential mortgage-backed securities (RMBS) and auto securities in Intex and Wall Street Analytics (WSA)
As loan products and deal transactions become more complex, Residential Funding Company, LLC can offer you a customized solution for your master servicing needs.
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