4 years after onboarding its very first loan, ServiceMac is one of the premier servicers in the U.S.August 1, 2024, Fort Mill, S.C.
ServiceMac®, a leading subservicing innovator and a member of the Very first American family of business, today revealed the business has been honored as a 2024 Leading Servicers Award winner by the United States Department of Agriculture (USDA). ServiceMac was recognized for assisting rural households and individuals throughout the nation attain the dream of homeownership by buying homes through USDA Rural Advancement’s Single-Family Real estate Surefire Loan Program.
The USDA 2024 Leading Servicers Award highlights ServiceMac’s quality in servicing loans and the company’s commitment to quality and consumer fulfillment. ServiceMac was among only three servicers to make the distinguished award.
“We’re committed to supporting rural households and people handle their loans and recognize the dream of homeownership,” said Bob Caruso, president and CEO of ServiceMac. “The acknowledgment from USDA verifies our innovative technique to servicing, which integrates our exclusive technology platform with industry-leading customer support provided by our professional team member.”
Established in 2017 and obtained by Very first American in October 2021, ServiceMac onboarded its very first portfolio in 2019 and now services over $195 billion in loans for first and second mortgage portfolios. The company has rapidly grown on the structure of its robust innovation, industry-leading risk management and compliance tools, top-quality customer support and experienced team members. ServiceMac supports home loan servicing rights holders, master servicers, customers and subservicing needs with more reliable and effective maintenance workflows.
About ServiceMac, LLC
ServiceMac, LLC, a member of the First American household of business, is focused on offering exceptional technology, product or services for the home loan industry backed by highly tailored service and assistance. The ingenious home loan subservicing business provides lending institutions, investors and other mortgage servicers tailored options that span the home mortgage continuum and boost security, customer fulfillment and success. More details can be found at https://info.servicemacusa.com/about-us.
About First American
Very First American Financial Corporation (NYSE: FAF) is a leading service provider of title, settlement and threat options genuine estate transactions. With its combination of financial strength and stability built over more than 135 years, ingenious proprietary technologies, and unmatched data possessions, the company is leading the digital transformation of its market. First American also supplies information products to the title industry and other third parties; appraisal products and services; home mortgage subservicing; home guarantee items; banking, trust and wealth management services; and other associated services and products. With total profits of $6.0 billion in 2023, the business provides its product or services directly and through its representatives throughout the United States and abroad. In 2024, First American was named one of the 100 Best Companies to Work For by Great Location to Work ® and Fortune Publication for the ninth successive year. The business was called among the 100 Best Offices for Innovators by Fast Business in 2023. More details about the business can be discovered at www.firstam.com.