For the third consecutive quarter, CrossLand Mortgage Corp., a First Security Corp. subsidiary that services more than $15 billion in mortgage loans, has received a Tier 1 servicing performance rating from Freddie Mac.

Nationally, Freddie Mac profiles mortgage lenders using a grading system of four tiers. A Tier 1 ranking denotes "superior loan servicing performance," and CrossLand is one of only three lenders in the nation to receive the grade.

Tier One status allows CrossLand to receive financial benefits from Freddie Mac's new performance incentive program, including newly created individual performance pools that will provide servicers with funds they can use to pay off fees and penalties or take as cash.

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