ServiceMac, a member of the First American family of companies, announced it has been honored as a 2024 Top Servicers Award winner by the U.S. Department of Agriculture (USDA).
ServiceMac was recognized for helping rural families and individuals across the nation achieve homeownership by purchasing homes through USDA Rural Development’s Single-Family Housing Guaranteed Loan Program. ServiceMac was one of only three servicers to earn the prestigious award.
“We’re committed to supporting rural families and individuals manage their loans and realize the dream of homeownership,” Bob Caruso, president and CEO of ServiceMac, said in a release. “The recognition from USDA validates our innovative approach to servicing, which combines our proprietary technology platform with industry-leading customer support delivered by our expert staff members.”
Founded in 2017 and acquired by First American in October 2021, ServiceMac onboarded its first portfolio in 2019 and now services over $195 billion in loans for first and second mortgage portfolios. The company has rapidly grown on the foundation of its robust technology, industry-leading risk management and compliance tools, top-quality customer service and experienced team members. ServiceMac supports mortgage servicing rights holders, master servicers, borrowers and subservicing needs with more effective and efficient servicing workflows.