NEW
YORK, Dec. 3, 2024 /PRNewswire/ -- Fitch
Ratings, a global credit ranking agency, upgraded Arbor Realty
Trust's (NYSE: ABR) commercial primary servicer rating, affirmed
its special servicer rating, and maintained its positive rating
outlook.
Arbor's Commercial Primary Servicer Rating
Upgraded by Fitch Ratings; Outlook Maintained.
"Fitch's upgrade of Arbor's servicer rating is a result of
Arbor's continued investments in people, process, and technology
improvements in addition to the diligent work our experienced
servicing team performs day after day," said Danny van der Reis, Executive Vice President,
Servicing and Asset Management. "We excel by making a personal
commitment to our clients through the lifecycle of the loan,
ensuring the highest level of satisfaction."
Arbor Earns High Marks in Operations
Arbor's commercial primary servicer rating was upgraded from
CPS2 to CPS2+, and its rating outlook was revised to stable,
reflecting the company's continued high performance in several
areas of operations, including its:
- Overall servicing ability primarily focused on multifamily
agency loans
- Tenured and experienced staff and management with improved
aggregate turnover
- Continued technology enhancements to support its servicing
functions, such as the deployment of ALEX, an internally developed
borrower portal
- Proficient governance infrastructure consisting of management
oversight and quarterly internal compliance reviews conducted by
Arbor's dedicated and independent quality control team, which
continue to result in external audits with no material
findings
Positive Rating Outlook Maintained
Fitch Ratings also affirmed Arbor's commercial special servicer
rating to CSS3+ and maintained Arbor's positive rating outlook.
Arbor compared favorably to other Fitch-rated servicers, showing
strength in its employees' experience levels, well-established
policies and procedures, and sound reporting and management
oversight. Fitch made its new determination after reviewing Arbor's
business plans for six non-securitized specially serviced assets
and noted they are sufficient relative to other Fitch-rated special
servicers.
Arbor's servicing division, based in Tonawanda, NY, proactively manages the
company's multi-billion-dollar portfolio consisting of thousands of
multifamily and commercial real estate loans, from lenders like
Fannie Mae and Freddie Mac.
About Arbor
Arbor Realty Trust, Inc. (NYSE: ABR) is a nationwide
real estate investment trust and direct lender, providing loan
origination and servicing for multifamily, single-family rental
(SFR) portfolios, and other diverse commercial real estate assets.
Headquartered in New York, Arbor manages a multibillion-dollar
servicing portfolio, specializing in government-sponsored
enterprise products. Arbor is a leading Fannie Mae
DUS® lender, Freddie Mac Optigo® Seller/Servicer, and an
approved FHA Multifamily Accelerated Processing (MAP) lender.
Arbor's product platform also
includes bridge, CMBS, mezzanine, and preferred
equity loans. Rated by Standard and Poor's and Fitch Ratings,
Arbor is committed to building on its reputation for service,
quality, and customized solutions with an unparalleled dedication
to providing our clients excellence over the entire life of a
loan.
Contact:
press@arbor.com
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SOURCE Arbor Realty Trust