Shellpoint and Specialized Loan Servicing: Are They the Same Company?

Shellpoint Mortgage Servicing and Specialized Loan Servicing (SLS) are two distinct companies within the mortgage servicing industry. Although they operate in similar sectors, their business operations, ownership, and services offered have unique characteristics that set them apart.

Shellpoint Mortgage Servicing is a prominent mortgage servicing company known for managing and servicing residential mortgage loans. Founded in 2014, Shellpoint Mortgage Servicing is part of the Shellpoint Partners family, which includes multiple entities in the mortgage and real estate sectors. Shellpoint's primary focus is on providing a comprehensive range of servicing options, including loan administration, customer service, and loss mitigation.

Specialized Loan Servicing (SLS), on the other hand, is a subsidiary of the publicly traded company Specialized Loan Servicing, LLC, which was established in 2003. SLS specializes in servicing and managing residential mortgage loans, with a significant emphasis on supporting homeowners in distress. They offer services such as loan modification, foreclosure prevention, and specialized support for distressed borrowers.

Key Differences Between Shellpoint and SLS:

1. Ownership and Structure:

   • Shellpoint: Part of Shellpoint Partners, a diversified company in the mortgage and real estate sectors.
   • SLS: A subsidiary of Specialized Loan Servicing, LLC, which is a part of the publicly traded company.

2. Services:

   • Shellpoint: Offers a wide range of mortgage servicing solutions including loan administration, customer service, and loss mitigation.
   • SLS: Focuses heavily on distressed mortgage servicing, including loan modifications and foreclosure prevention.

3. Target Market:

   • Shellpoint: Serves a broad range of mortgage customers with various servicing needs.
   • SLS: Primarily caters to borrowers facing financial difficulties, providing targeted support to help them retain their homes.

4. Operational Approach:

   • Shellpoint: Known for its robust customer service and comprehensive loan management services.
   • SLS: Emphasizes specialized services for distressed borrowers, often working closely with homeowners to avoid foreclosure.

Both companies play vital roles in the mortgage servicing industry but cater to different segments of the market with distinct approaches and specializations. Understanding these differences can help homeowners and industry professionals choose the right service provider for their specific needs.