Babson Capital has well-recognized loan administration capabilities - rated CPS2 and CSS2 for primary and special servicing by Fitch1 ("demonstrated high performance in all relevant categories") and "Above Average" for Commercial Loan Servicer and Commercial Special Servicer by S&P1. The Real Estate Finance Group delivers mortgage loan servicing through specialized groups of dedicated professionals with extensive experience. Team members work with each borrower to build an on going relationship for servicing their loan.
- The Home Office Servicing Team assists in the loan closing process, system and file set-up, and handles standard servicing matters, such as tax payments and UCC filings, as well as loan payoffs.
- In-house insurance expertise assures appropriate coverage for all real estate collateral
- Regional Office Asset Managers are located in each of our five offices, Chicago, IL, Dallas, TX, Newport Beach, CA, Washington, D.C. and Springfield, MA. They are responsible for monitoring loan covenants, handling borrower's special requests and performing all components of our loan review process, including property inspections, financial statement analyses, valuations and quality ratings.
- The Special Servicing group handles defaults and enforcement through workouts, restructures, foreclosures and bankruptcies; assisting them is a dedicated staff of in-house legal, engineering and valuation services.
1. Fitch rating of "CSS2" for Special Servicing and "CSP2" for Primary Servicing, effective May 2008. Standard & Poors Rating of "Above Average" for Commercial Loan Servicing, and Commercial Servicing, effective October 2006.