American Home Mortgage Servicing Inc. has signed an agreement with Citi Residential Lending to acquire a servicing rights portfolio on 185,000 loans. AHMSI will board the loans in early February. Customers were notified of the servicing change during the last week of January.
"With this acquisition, we have increased the number of loans we service to approximately 575,000, an increase of 45 percent," said David Friedman, chief executive officer. "The loans are a great fit with our existing portfolio, and we look forward to serving a new group of homeowners."
For more information, visit www.ahmsi3.com.