Is Select Portfolio Servicing A Mortgage Company? Select Portfolio Servicing, Inc. (SPS) is an industry leading mortgage servicer. Founded in 1989, SPS is headquartered in Salt Lake City, Utah with an office in Jacksonville, Florida. What bank owns SPS servicing? Formerly Fairbanks Capital Corp. (1989-2004) Founded 1989 Key people Randhir Gandhi (CEO and president) Parent
Is Citibank And Citimortgage The Same Company? Citimortgage is a subsidiary Citigroup Inc, and according to Wikipedia is “an American multinational investment banking and financial services corporation headquartered in Manhattan, New York City”. 1 The parent company company has a number of subsidiaries including Citibank. What happened to CitiMortgage? CitiMortgage has teamed up with Cenlar
Do Loan Processors Need A License? Do loan processors need a license? You must have a loan originator license if you work as an independent contractor Loan Processor (receive a 1099) for a loan processing company. You must work from a licensed location under the loan processing company’s mortgage broker license. What does a loan