Computershare Finalizes Acquisition of Specialized Loan Servicing, LLC.

 

 

NEW YORK, Dec. 1, 2011 /PRNewswire/ -- Computershare Limited (ASX: CPU), a leading financial services provider for the global securities industry, announced today it has finalized the acquisition of Specialized Loan Servicing, LLC (SLS), a primary and special fee-based servicer of residential mortgage loans.

SLS will now benefit from Computershare's core competency of stakeholder servicing and its top quality customer service, communication and financial transaction processing infrastructure.

"The close of this deal means that SLS now has the support and increased bandwidth that comes from the backing of Computershare's global infrastructure," said Steve Rothbloom, CEO and President, Computershare US.

"Regulatory and other pressures are leading many US banks to consider outsourcing their mortgage servicing and identify sub-servicing solutions such as those provided by SLS," said John Beggins, CEO, SLS. "With the strength of Computershare behind us, we are positioned to become the standout servicing solution for all major US banks."

Computershare has a successful track record of integrating businesses that rely on Computershare's unique global customer service and data management infrastructure, such as Kurtzman Carson Consultants, a bankruptcy and class action administration provider and, in the UK, Busy Bees childcare voucher services.

SLS is based in Highlands Ranch, CO and has approximately 600 employees.

About Computershare

Computershare (ASX: CPU) is a global market leader in transfer agency and share registration, employee equity plans, proxy solicitation and stakeholder communications. We also specialize in corporate trust services, tax voucher solutions, bankruptcy administration and a range of other diversified financial and governance services.

Founded in 1978, Computershare is renowned for its expertise in data management, high volume transaction processing, payments and stakeholder engagement. Many of the world's leading organizations use these core competencies to help maximize the value of relationships with their investors, employees, creditors, members and customers.

Computershare is represented in all major financial markets and has over 10,000 employees worldwide.

For more information, visit www.computershare.com.

 

Contacts:

Juli BarkEVP, MarketingTel: 1 312 588 4249[email protected]

Jeff SteinMedia RelationsTel: 1 212 805 7271[email protected]

 

 

 

SOURCE Computershare Limited