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BSI Financial Services Inc.

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BSI Financial Services Inc.

Overview:

BSI is the premier business process outsourcing provider specializing in mortgage subservicing, default management, loss mitigation, due diligence, REO and quality control services to over 240 lenders and investors. Leveraging its unique global delivery model and 22 year track record of success, BSI provides its clients with unique, customized solutions to improve service quality, lower costs and make its clients' loans worth more. BSI has earned its name in the industry by consistently exceeding client expectations and being a true partner in our client’s business plans. BSI is an approved servicer with Fannie Mae, Freddie Mac, FHA, HUD, VA and several private investors, hard money lenders and hedge funds.

Our clients rely on us to make sense of the array of choices they face while trying to make smart changes to keep their organizations, lean, focused, and profitable. The operating model here can be summed up in one word – trust.Our clients know that we are in partnership with them for the long haul and that we have their interests in mind at all times. As stated in our management principles, we commit to client satisfaction as our most important business objective. We are in the business of adding value.

Vision:

To be the premier outsourcer in the US mortgage market providing flexible and cost effective outsourcing solutions to lenders. In doing so, leverage BSIÂ’s unique global delivery model and technology solutions to delight our lender clients & their borrowers.

History:

BSI was founded in 1986 in Pennsylvania. Over the years, the company has originated, audited and serviced several billion of dollars mortgage loans. With the success attained in offering these services to clients, BSI was ranked as a Tier 1 servicer by Freddie Mac and Superior by Fannie Mae for servicing quality.

Until 2005, BSI operated as the mortgage group of a bank based in Indiana. In 2006, an investor group acquired BSI from its parent bank and transformed it from a lender and servicer into an exclusive service provider and outsourcer to its clients. It does not originate or service mortgages on its own account.

In 2007, BSI acquired the outsourcing division of The SRS Group, one of the largest loan due diligence and quality control firms in the industry. BSI today serves over 180 clients ranging from Wall Street securitization group to banks, credit unions and mortgage bankers.

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