Decoding Compliance

TheMReport — News and strategies for the evolving mortgage marketplace.

Issue link:

Contents of this Issue


Page 57 of 83

local edition Or ig i nat ion SERVICING Vericrest Onboards New MSRs make sure you are getting that last 10 to 15 basis points out of each loan." MountainView Servicing Group is a wholly owned subsidiary of MountainView Capital Holdings, based in Denver. s e c on da r y m a r k e t a na ly t ic s Se r v ic i ng Completing deals for two mortgage servicing portfolios, the company reaffirmed strategic acquisition plans. Orion Financial Unveils Settlement Services Offering Texas // Vericrest Financial, Inc., a premier financial services company based in the Dallas area, announced it has completed onboarding two new portfolios of mortgage servicing rights (MSRs). The transactions, which boarded on December 12 last year and February 13 this year, "are consistent with Vericrest's strategy to grow its loan servicing portfolio by continuing to acquire MSRs and rights from investors," the company said in a release. The acquisition of these MSRs increases the aggregate outstanding principal balance of Vericrest's servicing portfolio to $10.1 billion. Targeting small to midsized investors, the company debuted new, streamlined solutions to help customers save money and time. Texas // Orion Financial MountainView Releases Enhanced Analysis Service The servicing group launched an improved platform, delivering loanlevel net execution levels for the secondary market. Colorado // MountainView Servicing Group, a leading provider of residential mortgage servicing rights (MSRs) sale and valuation advisory services, announced the release of its Enhanced Comparative SRP Analysis for secondary marketing. The new service provides loan-level net execution levels for a Fannie Mae, Freddie Mac, or Ginnie Mae seller's existing and potential servicing released options, accounting for all of the necessary adjustments that take place in and outside of servicing released premium pricing grids. In doing the analysis, MountainView also compares 56 | The M Report "With the number of servicing released outlets increasing by the day, we want to make sure our clients are obtaining best execution for their servicing in a way that also allows them to manage their cash flows and operations effectively." —Matthew Maurer, MountainView. these pricing levels with a servicer's retained economics and with additional flow and bulk MSRs available in the marketplace. Estimated execution levels are based on the most recent market activity. MountainView has been marketing between two and four bulk servicing portfolios each month, according to a company release. "With the number of servicing released outlets increasing by the day, we want to make sure our clients are obtaining best execution for their servicing in a way that also allows them to manage their cash flows and operations effectively," explained Matthew Maurer, managing director at MountainView. "Recent analysis has proven that a lot of direct sellers are not taking advantage of the improved pricing we are seeing in the marketplace. And as volumes drop and margins tighten, there is no better time than now to Group, Inc., a provider of mortgage assignment, lien release, and document retrieval services, announced it is now providing streamlined settlement services to investors. The new offering provides small- to medium-size investors a one-stop, efficient solution for their needs. According to Mike Wileman, president and CEO of Orion, the company is partnering with Lenders Title Solutions to provide services nationwide and save clients time and money. Investors can opt to contract the company for title commitments only and then expand the service to title policies along with closing services. "Investors often need to do a title search, and subsequently obtain a title policy. They're working with different companies at different times. By turning these functions over to Orion, investors save themselves time and frustration," Wileman said. "They won't need to work on building their own national database of title and closing providers because we already have access to a national network." The settlement services offering is just one of several new solutions the Southlake, Texasbased company plans to introduce in 2013, Wileman added.

Articles in this issue

Archives of this issue

view archives of TheMReport - Decoding Compliance