NEW YORK, March 18, 2016 /PRNewswire/ -- Morningstar Credit Ratings, LLC today assigned its 'MOR RV1' residential vendor ranking to ServiceLink Valuation Solutions, LLC (ServiceLink), a subsidiary of Fidelity National Financial, as a residential vendor in the asset valuation market. Morningstar's forecast for the ranking is Stable.
ServiceLink has developed strong vendor-selection criteria and vendor-rating standards that effectively measure vendor performance, as reflected in the execution of service-level agreements with its customers. ServiceLink's proprietary technology provides the company with a flexible platform that embeds comprehensive quality-assurance standards in work orders received from vendors.
Additionally, the technology provides a comprehensive rating system for evaluating the quality of work by both external vendors and internal quality-assurance staff. ServiceLink has developed enterprise-wide policies and procedures to ensure the consistent application of company practices. A pervasive training and continuing-education culture provides advancement opportunities for staff and management while minimizing turnover. ServiceLink's flexible business model and technology provide the company with a platform from which to pursue market growth and a diversified business strategy.
ServiceLink has effective vendor management oversight in place for selecting, qualifying, and assessing vendor performance. The company has developed a scoring system to monitor and measure the company's performance and product quality against service-level agreement goals, enabling senior management to assess capacity and workflow to meet or exceed client benchmarks.
About Morningstar Credit Ratings, LLC and Morningstar, Inc.
Morningstar Credit Ratings, LLC is a nationally recognized statistical rating organization (NRSRO) offering a wide array of services including new-issue ratings and analysis, operational risk assessments, surveillance services, data, and technology solutions.
Morningstar Credit Ratings, LLC is a subsidiary of Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research in North America, Europe, Australia, and Asia.
Morningstar, Inc. offers an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. Morningstar provides data on more than 510,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 17 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $180 billion in assets under advisement and management as of Dec. 31, 2015. The company has operations in 27 countries. Morningstar, Inc. is not an NRSRO and does not issue NRSRO credit ratings.
Morningstar rankings, forecasts, and assessments contained in this press release are not assessments of the creditworthiness of an obligor or a security and thus are not credit ratings subject to NRSRO regulations.
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SOURCE Morningstar Credit Ratings, LLC