Litton Loan Servicing, LP · Houston, TX United States
Company Description
Phone: 713-960-9676
Fax: 713-966-8830
Toll Free: 800-247-9727
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This link will open in a new window Litton Loan Servicing collects principal and interest payments on prime and subprime residential mortgages, including Federal Housing Administration, Veterans Administration, and manufactured home loans. The company's loan portfolio includes approximately 400,000 mortgages worth more than $55 billion. Troubled former parent company Credit-Based Asset Servicing and Securitization (C-BASS for short) sold the firm to Goldman Sachs for some $430 million in late 2007 in order to raise capital. Litton Loan Servicing was founded in 1988 as a subservicer of problem loans in the wake of the Texas real estate bust by Larry Litton Sr., who remains president and CEO of the company. To read the full description, subscribe now.
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Key Litton Loan Servicing, LP Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Employees | 1,190 |
Litton Loan Servicing, LP Executives
5 executives listed for Litton Loan Servicing, LP's Houston, TX location.
| Title | Name & Bio | Contact |
| Chairman | Larry Litton | Network |
| President and CEO | Larry Litton | Network |
| COO | Shane Ross | Network |
Competition
Competitive Landscape for Litton Loan Servicing, LP
Demand for credit reporting and for collections services are driven by the volume of financial transactions, and by the health of the economy. The profitability of individual companies depends largely on efficiency of operations. The profitability of collections companies that buy receivables portfolios depends on their ability to assess recovery potential. Large credit reporting companies have significant economies of scale in operations. Small companies can compete successfully in the collections segment, where customer service and personal contact are important. To read the full description, subscribe now.Top Litton Loan Servicing, LP Competitors
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