Driven by several economic factors, lenders who held mortgage servicing rights (MSR) in their portfolio in 2018 saw more profitability than those without, according to recent comments made by the MBA’s Vice President of Industry Analysis, Marina Walsh. In fact, servicing income more than tripled year-over-year, increasing from $64 per loan in 2017 to $203 in 2018 loan.[1] That’s the…
Mortgage Servicing Rights acquisition requires responsiveness between buyer and seller. A seller must accommodate the stacking order and documentation requirements of each buyer. A buyer must consume data and files in a timely manner to complete the acquisition process. Meg Guard, Vice President, Account Management and Craig Riddell, Executive Vice President and Chief Business Officer discuss the LoanLogics MSR acquisition…
