Sentence examples for servicing unit from inspiring English sources

Most of Countrywide's loans are serviced by its Home Loan Servicing unit.

Bear Stearns promoted Peter Muriungi to senior vice president of its home-loan servicing unit to strengthen risk analysis.

The bank is near a deal to sell its Litton Loan Servicing unit to the Ocwen Financial Corporation, people briefed on the matter said on Sunday.

A Countrywide spokesman, Rick Simon, said that the company's servicing unit was interested only in keeping loans performing and that its modification decisions would be based on that goal.

But Countrywide's servicing unit may have less incentive to help troubled borrowers who are interested in working out their loans, analysts said, because doing so could put the parent company on the hook to buy back a loan.

In addition to the enormous profits this business generates — $660 million in 2006, or 25percentt of its overall earnings — customers of the Countrywide servicing unit are a huge source of leads for its mortgage sales staff, say former employees.

FINANCIAL TIMES Morgan Stanley Shops Mortgage Unit  |  Morgan Stanley is set to follow Goldman Sachs's lead and sell its mortgage-servicing unit, Saxon Mortgage Services.

Still, the fight has already been sufficiently bruising that some want out: Goldman Sachs is said to be seeking buyers for its mortgage-servicing unit, Litton, which it acquired only three years ago.

"We would fold our food service unit into theirs.

She is the director for brand marketing in the small business services unit, and he is a director for restaurant-industry business development in the merchant services unit.

Officer Carroll is in the aviation unit and Officer Boss is in the emergency service unit.