Freddie Mac, a government-sponsored enterprise that supports the nation’s housing market, has named 39 single-family mortgage servicers as Tier One Platinum or Tier One Gold performers for the year 2006 (see below for a list of winners). Before naming the “best of the best,” Freddie Mac rated each servicer on its ability to maintain sound investor reporting, while also minimizing credit losses and helping delinquent borrowers avoid foreclosure.
Freddie Mac grants larger servicers a Tier One platinum distinction for maintaining a Tier One (superior) performance rating for at least two quarters in a given calendar year. Gold servicers are smaller lenders who achieve Tier One ratings in investor reporting for two quarters or more, while also maintaining Tier One ratings in default management and an average of at least one seriously delinquent loan per month.
When speaking of the 39 companies that made the 2006 list, Janet Eakes, senior vice president of mortgage operations for Freddie Mac, said a combination of dedication and unwavering commitment to excellence helped each servicer make the list. It’s a feat she deems exceptional when considering the year 2006 was marked by rising delinquency rates and the negative aftermath of the 2005 hurricane season. “Their performance sets a high water mark for the industry: helping thousands of borrowers avoid foreclosure while achieving terrific levels of efficiency,” she added.

%{=text-decoration: underline;}2006 Tier One Platinum Recipients %
Arvest Mortgage Co.
Bank of America Consumer Real Estate
Bank of Oklahoma, N.A.
Chase Home Lending
CitiMortgage Inc.
Colonial Savings, F.A.
Countrywide Home Loans, Inc.
Doral Financial Corp.
EverHome Mortgage Co.
Fidelity Bank
First Federal Saving Bank (Rochester, Indiana)
First Horizon Home Loan Corp.
Flagstar Bank, FSB
GMAC Mortgage
HSBC Mortgage Corp. (USA)
IndyMac Bank, FSB
M&T Bank
National City Mortgage Co.
PHH Mortgage Corp.
Provident Funding Associates
Regions Mortgage
Sovereign Bank
SunTrust Mortgage Inc.
Taylor
Bean and Whitaker Mortgage Corp.
U.S. Bank Home Mortgage
Wachovia Mortgage Corp.
WaMu
Wells Fargo Home Mortgage
2006 Tier One Gold Servicers
AMCORE Bank, N.A.
Busey Bank
Chemical Bank
HomeStar Bank
Hoosier Hills Credit Union
Johnson Bank
Liberty Savings Bank, FSB
R-G Crown Bank, FSB
Sidney Federal Savings and Loan Association
The Farmers Bank
TIB – The Independent Bankers Bank
2006 Hall of Fame Inductees
(includes both Tier One Platinum and Gold Servicers)
AMCORE Bank, N.A.
Bank of America Consumer Real Estate
Chase Home Lending
Colonial Savings, F.A.
Countrywide Home Loans Inc.
Doral Financial Corp.
First Horizon Home Loan Corp.
HSBC Mortgage Corp.
M&T Bank
National City Mortgage Co.
PHH Mortgage Corp.
Sovereign Bank
SunTrust Mortgage, Inc.
U.S. Bank Home Mortgage
Wells Fargo Home Mortgage