Question. Context: Select Portfolio Servicing, Inc. (SPS) is a loan servicing company founded in 1989 as Fairbanks Capital Corp. with operations in Salt Lake City, Utah and Jacksonville, Florida.

Question: what type of company is select portfolio servicing?
Answer. a loan servicing company
What step-by-step reasoning justifies that answer?
Reasoning: To answer this question, we should know that: Select Portfolio Servicing, Inc. (SPS) is a loan servicing company founded in 1989 as Fairbanks Capital Corp. with operations in Salt Lake City, Utah and Jacksonville, Florida.