Walter Investment Management Completes Purchase of Marix Servicing

Walter Investment Management Corporation has announced it has completed the purchase of Marix Servicing LLC, a high-touch specialty mortgage servicer. Marix, based in Phoenix, Ariz., is focused on default management, borrower outreach, loss mitigation, liquidation strategies and component and specialty servicing. "We are pleased to have finalized the purchase of Marix," said Mark J. O'Brien, Walter Investment's chairman and chief executive officer. "We believe Marix is uniquely positioned as a well-capitalized, specialty servicer with available capacity, leading technology, experienced management and superior performance." With the close of the transaction, Marix becomes a significant component of the Walter Investment high-touch asset management and servicing platform, allowing the company to expand its portfolio acquisition and revenue growth opportunities. For more information, visit www.marixservicing.com or www.walterinvestment.com.