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MortgagePoint » Your Trusted Source for Mortgage Banking and Servicing News 26 June 2023 I N D U S T R Y U P D A T E INCENTER MORTGAGE ADVISORS LAUNCHES NEW EMSR EXCHANGE I ncenter Mortgage Advisors (IMA), a provider of mortgage servicing rights (MSR) trading services, has announced its new eMSR Exchange, a marketplace that is helping to change the way MSRs are bought and sold. The eMSR Exchange expands participa- tion in the MSR market by connecting buyers and sellers of co-issue flow offerings online, with buyer pricing available 24/7. Sellers will sell to the eMSR Exchange, which acts as an in- termediary to the multiple buyers who provide pricing to it, while buyers will now only deal with the eMSR Exchange as one counterparty. Now sellers have an additional tool to get the best possible MSR prices and access to a larger group of buyers and their pricing grids. Buyers, in turn, can efficiently acquire the rights to service mortgages that match their ideal characteristics with loan-level precision. The eMSR Exchange removes or reduces their need to set up sellers into their co-issue programs, which can involve diligence, con- tract negotiations, data set up, relationship management, and more. "The word 'transformational' is often an exaggeration, but by creating an expansive marketplace for MSR trading, we feel the description is merited," said Tom Piercy, Managing Director for IMA. "By launching the eMSR Exchange now, we are enabling participants to capitalize on a bright spot in the mortgage market." The eMSR Exchange is powered by IMA's eMSR technology which is designed to provide optimum allocation among multiple buyers. Each individual loan is matched with buyers' pricing grids and "directed" to the most desirable buyer, based on the loan characteristics acquirers are seeking. This also allows buyers to focus their acquisitions on what they really want, as opposed to bidding on the rights to more heterogeneous asset pools. The platform gives all participating sellers access to live pricing from every buyer participating on the eMSR Exchange when markets are open, and archived pricing after hours for quick action when trading resumes. Sellers receive pricing within seconds of uploading their loan-level data files. The eMSR Exchange delivers and displays data in one standard, easy-to-navigate format. The platform serves as participants' intermedi- ary, aggregating MSRs from the sellers and matching them with buyers. AMERICAN SAVINGS BANK EXTENDS SAGENT SOFTWARE PARTNERSHIP S agent has announced a seven-year partnership extension with American Savings Bank (ASB) to continue pow- ering its mortgage servicing ecosystem. ASB will continue powering its scale servicing operations with Sagent's cloud- based LoanServ system of record. For more than two decades, ASB has relied on Sagent's servicing technology to automate complex, high-volume tasks and workflows, deliver a better customer experience, and adapt in real-time to constantly evolving customer and regulatory requirements. "American Savings Bank is a market leader because they get how to combine high-touch service with high-tech experi- ences for their customers and teams. Sagent is honored to help power this industry-best customer experience, and after our long rela- tionship, I feel like we're just getting started," said Dan Sogorka, CEO at Sagent. "With the "The word 'transformational' is often an exaggeration, but by creating an expansive marketplace for MSR trading, we feel the description is merited." —Tom Piercy, Managing Director for IMA