Fitch affirms rating of Crown NorthCorp.COLUMBUS, Ohio--(BUSINESS WIRE)--Feb. 12, 1997--Fitch Investors Service L.P. has affirmed its "Above Average" rating of Crown NorthCorp Inc. as a special servicer of assets. The rating, one of the highest available from the firm, addresses Crown NorthCorp's capabilities in managing and liquidating non-performing commercial mortgage loans and real estate owned Real Estate Owned Property owned by a lender - usually a bank - after an unsuccessful sale at a foreclosure auction. This is common because most of the properties up for sale at these auctions are worth less than the total amount owed to the bank: the minimum bid in most . Crown NorthCorp, headquartered in Columbus, provides comprehensive financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. including loan servicing Loan servicing is the process by which a mortgage bank or subservicing firm collects the timely payment of interest and principal from borrowers. The level of service varies depending on the type loan and the terms negotiated between the firm and the investor seeking their services. , asset management, loss mitigation, portfolio acquisition and due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. . In addition to its Columbus headquarters, the firm has six offices throughout the United States and Europe. CONTACT: Crown NorthCorp, Columbus Linda Smalley, 972/991-7550 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion