In the case where a primary servicer for residential or other types of loans becomes incapable of functioning due to bankruptcy or credit uncertainty, the backup servicer immediately steps in to operate servicing and secure cash flow for the client and investors.

Shinsei Servicer has a loan system with an interface for debt assignments and, as a backup servicer, can meet investors' demands for powerful risk enhancement by implementing this system from the securitization stage.

Principal Services

- Standby loan servicing system
- Input of monthly loan collections data.
- Distribution of notifications and information when servicer functions are assumed.
- Maintenance of collateral (transfer of mortgages, etc.) when servicer functions are assumed.

- Experience in Assuming Servicer Functions
Shinsei Servicer has a lot of experience in taking over the primary servicing operations for residential loans originally serviced by another company. With Shinsei Servicer, investors can be sure of solid backup servicing performance even after the servicer function is assumed.

- Backup Servicing System
Our servicing system is equipped with an interface for residential loan data transfer and inputs monthly servicing data just as the primary servicer's system does. Therefore, regardless of the backup servicing level (cold to warm and to hot), we are capable of meeting investors' requirements.

- Servicer Takeover Simulation
Residential loan payment account transfers occur on a certain day every month, as stated in loan agreements, so the transition from the primary to the backup servicer must be completed within one month. Shinsei Servicer, therefore, performs thorough backup simulations beforehand and has systems assuming the takeover of servicing functions.