7th July 2009 - After a comprehensive review earlier this year Standard & Poor's have re-affirmed Banksia Mortgages Limited ABOVE AVERAGE Commercial Loan Servicer ranking.
7/7/2009
This ranking is testament to the prudential and conservative approach Banksia has taken to it's loan portfolio and underwriting standards.
"This ranking reflects Banksia's stable industry-experienced management team, low annual staff turnover, use of technology to support risk management and quality assurance processes, and comprehensive loan-servicing standards". 1
"Outlook: Stable - Banksia continues to operate as a highly capable commercial mortgage loan servicer in the Australian market". 1
1 Source - Standard & Poor's Servicer Evaluation: Banksia Mortgages Limited. Dated May 21 2009.