Vericrest Acquires $2.7 Billion in Mortgage Servicing Rights – NMP Skip to main content

Vericrest Acquires $2.7 Billion in Mortgage Servicing Rights

NationalMortgageProfessional.com
Nov 27, 2012

Vericrest Financial Inc., specializing in the servicing of residential mortgage loans, has announced that it has signed two definitive agreements to acquire a total of approximately $2.7 billion in mortgage servicing rights (MSRs), as measured by the unpaid principal balance of the loans. "The acquisition of these MSRs will help to enhance Vericrest's position as a premier mortgage servicer with extensive national reach," said David Schneider, CEO of Vericrest. "Combined with our innovative service offerings and state-of-the-art platforms, the increased scale we will achieve through these transactions will support our growth strategy and allow us to deliver best-in-class solutions to a broader client base." One transaction closed on Nov. 16 and the other is expected to close on Dec. 1.
Published
Nov 27, 2012