Standard & Poor’s recently announced that it raised its ranking on Celink, a privately owned mortgage service to Above Average from Average as a reverse mortgage servicer. According to the press release, Celink’s upgraded ranking is based on its management team, a significantly improved proprietary technology system, and superior policies which enable it to effectively service reverse mortgage loans.
In 2005, Celink began servicing reverse mortgages and has consistently grown its business over the years. Today, Celink is the fourth-largest servicer of HECMs and the largest independent servicer of private-label HECM loans.
The Lansing, MI based company released its ReverServ™ technology last year and worked with IBM to ensure continued scalability and reliability of its core systems. IBM selected Celink’s technology advancements as subject of a published case study which you can find here.