ALAMO, Calif. – April 28, 2015 – RPM Mortgage, Inc. (RPM) announced that Standard & Poor’s (S&P) Rating Services reaffirmed its ranking of Average as a residential mortgage prime servicer with a Stable outlook. This is the second year in a row RPM has received a successful Average ranking from S&P.
In its official report, S&P noted that the Average ranking reflects RPM’s highly experienced and well-tenured executive management team and staff, thorough policies and procedures and strong internal controls, improved training programs, as well as strong management practices to manage very low delinquency volumes.
In addition, S&P noted it believes RPM will remain a competent servicer of prime residential mortgage loans and that the company’s strengths and improvements in process, technology, and controls could position it well to move up in its annual ranking.
“RPM’s commitment to maintaining effective servicing standards provides a stable outlook for continued success,” said Rob Hirt, CEO of RPM Mortgage, Inc. “This ranking from S&P validates RPM’s exceptional service to its customers and the dedication to detail we provide them. This is a true testament of diligence.”
2014 was another successful year for RPM, with over 11,500 closed loans and total volume close to $4.7 billion – more than $1 billion of which was done in jumbo loans. RPM opened several new offices throughout the Western United States in 2014, in addition to acquiring Regency Mortgage Corporation, a fast-growing, 14-branch private mortgage lender with operations in New Hampshire, Maine, Massachusetts, Vermont and Florida.
About RPM Mortgage, Inc.
Based in Alamo, California, RPM Mortgage, Inc. is a private mortgage lender. Since 1986, trust, knowledge and community focus have been the core values upon which RPM has built a reputation as a trusted mortgage lender. Scotsman Guide ranked RPM as the No. 5 mortgage lender in Top Retail Volume and No. 14 in Top Overall Volume for 2013. In addition, RPM is the only privately owned U.S. mortgage originator to have earned Standard & Poor’s (S&P) Above Average ranking in all ratings categories and was also named one of S&P’s Select Servicers in 2014. RPM services more than $3 billion in loans and their footprint of nearly 60 branches serves communities across Arizona, California, Colorado, Nevada, Oregon, Texas and Washington. For more information, please visit https://staging.rpm-mtg.com, call 925.295.9300, or follow @RPMMortgage.
RPM Mortgage, Inc. | 3236 Stone Valley Road West, Alamo, CA 94507 | NMLS #9472 | AZ – Arizona Mortgage Banker License #0924551. CA – Department of Business Oversight under the Residential Mortgage Lending Act. CO – Regulated by the Division of Real Estate #9472. NV – Nevada Mortgage Broker License #1232. OR – Oregon Mortgage Lending License #ML-4876. TX – Regulated by the Department of Savings and Mortgage Lending #9472. WA – Washington Consumer Loan Company License #CL-9472. | Equal Housing Opportunity.