Milliman Inc. has acquired MorVest Capital, a Dallas-based advisory firm specializing in mortgage servicing rights (MSR) analytics and strategy.
The acquisition brings together Milliman’s actuarial, risk management, and data analytics expertise with MorVest’s focused capabilities in MSR valuation, portfolio strategy, hedging, and transaction advisory. For mortgage originators and servicers operating in a rate-sensitive and capital-constrained environment, the combination is expected to deliver more integrated insight across the origination-to-servicing continuum.
“We are thrilled to welcome MorVest Capital to the Milliman family,” said Brett Ludden, managing director and head of mortgage solutions at Milliman. “MorVest’s advanced MSR analytics and proven advisory services will enhance our ability to serve mortgage market participants with data-driven insights and rigorous risk management. This acquisition accelerates our growth in the mortgage sector and strengthens our position as a trusted partner for financial institutions navigating complex market dynamics.”
MorVest has built a reputation for advising lenders, servicers, and investors on MSR valuation, financing structures, and risk management strategies. Under the Milliman umbrella, those services will be paired with advanced mortgage behavior modeling, cash flow forecasting, and analytics-driven decision support. The result, according to the companies, is a more comprehensive platform designed to help mortgage firms navigate volatility, manage servicing assets, and optimize long-term profitability.
MorVest’s team will continue to operate within Milliman’s mortgage practice, providing advisory services to a broad range of industry participants, including banks, independent mortgage banks, investors, and capital markets firms.
“Joining Milliman is an exciting milestone for MorVest and our clients," said MorVest Capital CEO David Fleig. "Milliman’s global reach and actuarial expertise perfectly complement our innovative MSR analytics platform. Together, we can deliver even greater value to the mortgage industry by supporting clients with best-in-class risk management and strategic guidance.”
