MINNEAPOLIS (Feb. 6, 2024) — Northmarq is proud to announce an upgraded primary servicer ranking from S&P Global Ratings, distinguishing its commercial mortgage loan servicing offering as “strong” — which is its highest ranking.
S&P notes that the outlook for this ranking is “stable.”
Since it was last assessed as “above average” by S&P in March 2022, Northmarq’s Servicing department has undergone significant positive transformations. These changes have resulted in enhanced efficiency of processes and improved experiences for both employees and clients.
“S&P Global Ratings is one of the most respected ratings services in the world, and this is an exciting achievement for us,” said Servicing Managing Director Bert Libke. “This speaks volumes about the tremendous progress we’ve made to continually improve our systems, operations and the experiences and services we provide clients. This major recognition could not have been accomplished without the entire Servicing team and support from our business partners.”
The upgraded rating can be largely attributed to the department’s strategic investments in advanced technology, improved turnover metrics and the implementation of comprehensive internal development programs. This underscores Northmarq’s commitment to optimizing its systems and operations, ensuring best-in-class service for its clients.
Visit our Loan Servicing page to learn more.
About S&P Global Ratings:
S&P Global Ratings is one of the prominent providers of ratings services across the globe – spanning 128 countries and more than 150 years of experience.