Tag Archives: mortgage servicing rights

MCT Expands MSR Valuation Options with AD&Co Prepayment Model

Addition of Internationally Recognized Model Enhances Scenario Testing, Precision, and Confidence for MSR Managers

SAN DIEGO, Calif., Oct. 8, 2024 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, today announced the integration of the LoanDynamics Model (LDM) from Andrew Davidson & Co. (AD&Co) into their mortgage servicing rights (MSR) valuation software. LDM is a well-respected prepayment model for residential mortgages that will complement MCT’s proprietary prepayment model in MSRlive! This integration allows MSR portfolio managers to leverage and compare both models, increasing confidence in the precision of their valuations and scenario testing.

Image caption: MCT – Mortgage Capital Trading.

“MCT’s MSRlive! platform is one of the most extensively adopted and customizable MSR valuation models in the industry,” said Bill Shirreffs, Senior Director, Head of MSR Services and Sales Operations at MCT. “We’re proud to work with AD&Co to add their internationally recognized LDM prepayment model alongside the customization and flexibility clients appreciate about our proprietary model.”

Because the MSR may be sold or retained independently of residential mortgage loans, MSR valuation and portfolio management is a critical function for U.S. mortgage lenders. Central to the value of any MSR is a forecast of its prepayment speed, which is dependent on a wide array of assumptions and heavily influenced by macroeconomic developments. MCT and AD&Co are both highly regarded providers of this prepayment modeling, and through their new alliance, they combine the best of both models for the benefit of capital markets professionals.

“AD&Co’s flagship LoanDynamics Model is a perfect complement to MCT’s MSRlive!,” said Michelle Stepien Breier, Business Development Manager at AD&Co. “AD&Co’s industry leading prepayment and credit models, coupled with MCT’s MSRlive!, provide a best-of-breed joint solution to MSR portfolio managers.”

The integration allows MSRlive! users who have an existing license or plan to license AD&Co’s LDM the opportunity to apply greater fine-tuning parameters to prepayment forecasting in accordance with the needs of the individual user and their portfolio.

MSR portfolio managers interested in a consultation on their valuation and retention strategy are encouraged to schedule a meeting with MCT and AD&Co for the upcoming MBA Annual Convention here: https://mct-trading.com/contact/

Read the full press release: https://mct-trading.com/press-release/mct-expands-msr-valuation-options-with-adco-prepayment-model/

About MCT:

For over two decades, MCT has been a leading source of innovation for the mortgage secondary market. Melding deep subject matter expertise with a passion for emerging technologies and clients, MCT is the de facto leader in innovative mortgage capital markets technology. From architecting modern best execution loan sales to launching the most successful and advanced marketplace for mortgage-related assets, lenders, investors, and network partners all benefit from MCT’s stewardship. MCT’s technology and know-how continues to revolutionize how mortgage assets are priced, locked, protected, valued, and exchanged – offering clients the tools to perform under any market condition.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

About Andrew Davidson & Co., Inc.:

Andrew Davidson & Co., Inc. develops and licenses prepayment and credit models, as well as risk measurement tools used as benchmark analytics by top mortgage and commercial banks, insurance companies, mortgage insurers, reinsurers, credit unions, broker-dealers, and investment management firms. Since its inception, the firm has provided clients with high-quality models, applications, consulting services, research, and thought leadership, all aimed at yielding advanced, quantitative solutions for an array of financial and investment management needs.

For more products and services information, visit www.ad-co.com and for direct inquiries contact support@ad-co.com. For media inquiries, contact Ashlea Bonds at ashlea@ad-co.com.

MEDIA CONTACT (MCT):
Ian Miller
Chief Marketing Officer
Mortgage Capital Trading
619-618-7855
pr@mctrade.net

MULTIMEDIA:

LOGO link for media: https://www.Send2Press.com/300dpi/22-0311-s2p-mcttrad-300dpi.jpg

NEWS SOURCE: Mortgage Capital Trading Inc.

This press release was issued on behalf of the news source (Mortgage Capital Trading Inc.), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/mct-expands-msr-valuation-options-with-adco-prepayment-model/

MCT and Lender Price Join Forces to Improve Mortgage Pricing with Loan-Level MSR Values

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading (MCT®), the de facto leader in innovative mortgage capital markets technology, and Lender Price, the first cloud-native provider of mortgage pricing technology, have partnered to provide mortgage lenders using the Lender Price product and pricing engine (PPE) with loan-level MCT MSR values. MCT's industry-leading mortgage servicing rights (MSR) grids allow Lender Price PPE clients to be more granular, profitable, and efficient when generating their front-end borrower pricing and managing their MSR portfolio.

"Our collaboration with MCT marks a significant milestone in our mission to provide lenders with innovative tools to streamline their operations and maximize profitability," said Dawar Alimi, CEO and Co-Founder of Lender Price. "Integrating MCT's MSR valuation grids into our PPE allows our clients to manage their pricing more effectively and stay ahead of market conditions. Together with MCT, we're committed to delivering exceptional value to our clients and continuously driving innovation in mortgage capital markets technology."

Alongside the mortgage, valuing MSRs is the next largest component of generating front-end borrower pricing. This first-of-its-kind integration puts live, loan-level MSR values in the hands of capital markets professionals when they need it most, during the daily process of pricing loans using their PPE. Mortgage lenders will save time and money through faster and more strategic best execution decisions, dynamic margin management, and stronger pricing analytics, all in one enterprise pricing engine.

"Lender Price has shown a commitment to providing the top-performing pricing experience for mortgage lenders by integrating the industry's most granular MSR values," said Curtis Richins, president and CEO of MCT. "We're proud that Dawar and his team selected MCT for this groundbreaking partnership."

Mortgage lenders can expect exciting future developments from this new partnership. Interested organizations can reach out to MCT or Lender Price for more detail about leveraging loan-level MSR values to create stronger mortgage pricing.

About MCT:

For over two decades, MCT has been a leading source of innovation for the mortgage secondary market. Melding deep subject matter expertise with a passion for emerging technologies and clients, MCT is the de facto leader in innovative mortgage capital markets technology. From architecting modern best execution loan sales to launching the most successful and advanced marketplace for mortgage-related assets, lenders, investors, and network partners all benefit from MCT's stewardship. MCT's technology and know-how continue to revolutionize how mortgage assets are priced, locked, hedged, traded, and valued - offering clients the tools to perform under any market condition.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

About Lender Price:

Lender Price delivers superior cloud-native pricing technology to top banks, lenders, credit unions, and mortgage brokers. Built on a modern technology stack, our solutions are user-friendly, configurable, and easier to integrate, resulting in improved workflow and pricing efficiencies. Lender Price's advanced technology, combined with its deep understanding of the lending landscape, sets it apart from the competition. By leveraging artificial intelligence, machine learning, and data-driven insights, Lender Price equips lenders with the knowledge and resources to make informed decisions and drive growth. Recognized by top industry publications, our award-winning pricing, product and eligibility (PPE) platform continues to lead the industry in advancing capital markets and mortgage pricing technology. Visit us at https://lenderprice.com/ for more information.

Mortgage Capital Trading (MCT®), the de facto leader in innovative mortgage capital markets technology, and Lender Price, the first cloud-native provider of mortgage pricing technology, have partnered to provide mortgage lenders using the Lender Price product and pricing engine (PPE) with loan-level MCT MSR values. MCT's industry-leading mortgage servicing rights (MSR) grids allow Lender Price PPE clients to be more granular, profitable, and efficient when generating their front-end borrower pricing and managing their MSR portfolio.

Related link: https://mct-trading.com/

MCT Launches BAMCO: Co-issue Loan Sale Marketplace for Shadow Pricing and Unique Executions

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, announced the release of BAMCO, a new marketplace for co-issue loan sales. Co-issue loan sales, also known as flow-based mortgage servicing rights (MSR) sales, are a three-way transaction involving the sale of loans to one of the agencies with a simultaneous sale of the MSRs to a separate third party. BAMCO brings co-issue transactions directly into MCT's whole loan trading platform and improves price transparency by connecting unapproved sellers to live executions from potential buyers.

"BAMCO is the latest step toward realizing MCT's vision of every loan being priced to every investor, supporting true best execution for sellers and a more efficient market for borrowers," said Justin Grant, Senior Director, Head of Investor Services at MCT. "Historically, lenders have had far more whole loan outlets than co-issue outlets - we're seeking to change that with BAMCO."

BAMCO supports live, flow-based, loan-level MSR pricing, expanding execution options for sellers while creating new client acquisition opportunities for buyers.While co-issue executions via agency integrations have always been and will continue to be included in lenders' loan sale best execution analysis, BAMCO brings in a new section featuring direct co-issue pricing for both approved and unapproved buyers. Co-issue buyers have the choice to deliver standard grid-based co-issue pricing or loan-level bid tape co-issue pricing.

In recent years, both Fannie Mae and Freddie Mac have pushed the market for co-issue loan sales forward with new servicing exchanges.This has supported the growth of co-issue transactions to represent 16% of all loan sales by MCT's lender client base in 2022. BAMCO supports and expands upon the functionality provided by the agencies to facilitate live shadow pricing, more granular MSR bids, and expanded outlets over time. BAMCO serves agency sellers within the MCT hedge client base, particularly those not currently taking advantage of co-issue executions, while offering an opportunity for co-issue buyers to attract more sellers and provide more granular pricing.

BAMCO is a new set of executions within BAM Marketplace, the industry's largest loan exchange which serves MCT's three hundred mortgage lender clients. BAMCO is the latest in a series of groundbreaking innovations from MCT, from their original focus on best execution analysis to more recent rollouts such as electronic TBA trading and automation for Assignment-of-Trade (AOT) transactions.

"Given the advancement of BAMCO technology, MCT brings incredible selling efficiencies and pricing resources to the industry," shared Chris King, SVP of Business Development at Mr. Cooper. "Mr. Cooper is excited to be a first adopter of BAMCO and we look forward to working with our clients, MCT, and the agencies to further the expansion of co-issue sales."

There is no additional cost for MCT hedging clients to use BAMCO, which was released as part of their normal best execution loan sales process earlier this week.

Interested parties can register to attend MCT's upcoming BAMCO webinar to be held December 7, 2022: https://mct-trading.com/webinar-bamco-coissue-marketplace/

About MCT:

Founded in 2001, Mortgage Capital Trading, Inc. (MCT) has grown from a boutique mortgage pipeline hedging firm into the industry's leading provider of fully integrated capital markets services and technology. MCT offers an array of best-in-class services and software covering mortgage pipeline hedging, best execution loan sales, outsourced lock desk solutions, MSR portfolio valuations, business intelligence analytics, mark to market services, and an award-winning comprehensive capital markets software platform called MCTlive! MCT supports independent mortgage bankers, depositories, credit unions, warehouse lenders, and correspondent investors of all sizes. Headquartered in San Diego, California, MCT also has offices in Philadelphia, Healdsburg, and San Antonio. MCT is well known for its team of capital markets experts and senior traders who continue to provide the boutique-style hands-on engagement clients love.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, announced the release of BAMCO, a new marketplace for co-issue loan sales. Co-issue loan sales, also known as flow-based mortgage servicing rights (MSR) sales, are a three-way transaction involving the sale of loans to one of the agencies with a simultaneous sale of the MSRs to a separate third party.

Related link: https://mct-trading.com/

New MSR Technology Empowers MSR Buyers with Live Loan-Level Pricing

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, has announced today a new technology for mortgage servicing rights (MSR) buyers to produce more granular pricing for mortgage servicing. The feature leverages an application programming interface (API) to connect MSRlive!, MCT's state-of-the-art MSR valuation platform to clients' systems for more precise and accurate loan-level pricing in real time.

Especially in a volatile climate, every basis point counts. MCT's objective is to ensure that its software additions drive more profitability and increase efficiencies. With MCT's new API, users can effectively develop a pricing strategy that includes key loan-level characteristics, such as property location, FICO, loan-to-value (LTV), and much more in real-time to evaluate a comprehensive set of data that contributes to a winning pricing strategy.

The key takeaway of this new functionality is how it informs users and helps servicing buyers avoid over-paying for potentially underperforming assets. The software provides a more prudent, thoughtful, and strategic approach achieved by leveraging a granular set of data which will result in fewer missteps. The system's functionality provides insight for the servicing buyers to ensure that the pricing levels on a loan-by-loan basis are appropriate and justified.

"The competitive landscape has exposed the challenges with applying static multiples across all LTVs and FICOs and has heightened the importance of a more strategic pricing strategy," shared Bill Shirreffs, Head of MSR Services and Sales Operations at MCT. "MCT's MSRlive! API is specifically designed to provide granular, loan-level, MSR pricing based on your cost assumptions and return expectations. Ultimately, giving you more confidence."

This technology is available to MSR buyers that want to receive more granular pricing for their MSR bidding today. Connect with MCT to start securing company profitability with a wide array of software systems and expert consultants.

Learn more: https://mct-trading.com/contact/

About MCT:

Founded in 2001, Mortgage Capital Trading, Inc. (MCT) ® has grown from a boutique mortgage pipeline hedging firm into the industry's leading provider of fully integrated capital markets services and technology. MCT's offerings include mortgage pipeline hedging, best execution loan sales, business intelligence and analytics, outsourced lock desk solutions, MSR valuation, hedging, and bulk sales, and the world's first, truly open marketplace for loan sales.

MCT supports independent mortgage bankers, depositories, credit unions, warehouse lenders, and correspondent investors of all sizes within its award-winning digital platform, MCTlive! ®. Headquartered in sunny San Diego, MCT also has offices in Healdsburg, CA, Philadelphia, PA and Texas.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

Mortgage Capital Trading (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, has announced today a new technology for mortgage servicing rights (MSR) buyers to produce more granular pricing for mortgage servicing. The feature leverages an application programming interface (API) to connect MSRlive!, MCT's state-of-the-art MSR valuation platform to clients' systems for more precise and accurate loan-level pricing in real time.

Related link: https://mct-trading.com/

MCT Deepens MSR Expertise with Hire of Azad Rafat

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, announced today that Azad Rafat has joined the company as the new Senior Director of MSR Services. Mr. Rafat will leverage his hands-on experience designing, building and managing mortgage servicing products to help MCT clients achieve their mortgage servicing goals. The hiring of Mr. Rafat ensures MCT continues to meet the increased demand of their MSR products and services.

"Azad is a powerful addition to the fantastic team we've built in MSR. His knowledge base and experience plug right in to our industry leading valuation platform," said Tom Farmer, Managing Director of Sales and Business Development. "He shares the MCT DNA with a passion for innovation and customer service."

This expertise comes at a perfect time for MCT clients. As MSR pricing continues to improve and the need for bulk MSR sales increases, Mr. Rafat's industry expertise can help ensure clients receive the best price for their bulk MSR sales. He will also be able to help clients make important MSR decisions regarding their MSR portfolios.

Mr. Rafat brings to MCT over 30 years of experience in the mortgage industry. He has over 20 years extensive experience in all aspects of mortgage servicing rights valuations, analytics, and risk management of small to some of the largest servicing portfolios. He also spent about 10 years in mortgage servicing acquisitions and sales operations, managing mortgage servicing platforms, and mortgage servicing operations and finance.

"I am honored and excited to work side by side with such talented and innovative group of people," said Azad Rafat. "I look forward to contribute to MCT's continuous growth and success."

About MCT:

Founded in 2001, Mortgage Capital Trading, Inc. (MCT) has grown from a boutique mortgage pipeline hedging firm into the industry's leading provider of fully integrated capital markets services and technology. MCT offers an array of best-in-class services and software covering mortgage pipeline hedging, best execution loan sales, outsourced lock desk solutions, MSR portfolio valuations, business intelligence analytics, mark to market services, and an award-winning comprehensive capital markets software platform called MCTlive! MCT supports independent mortgage bankers, depositories, credit unions, warehouse lenders, and correspondent investors of all sizes.

Headquartered in San Diego, California, MCT also has offices in Philadelphia, Herldsburg, and San Antonio. MCT is well known for its team of capital markets experts and senior traders who continue to provide the boutique-style hands-on engagement clients love.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

RELATED LINKS:

https://mct-trading.com/about/team/azad-rafat/

Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced today that Azad Rafat has joined the company as the new Senior Director of MSR Services.

Related link: https://mct-trading.com/

MCT Bolsters MSR Division with Hire of David Burruss to Address Demand for MSR Services

SAN DIEGO, Calif. /ScoopCloud/ -- MCT® announced that David Burress has joined the company in the position of MSR Sales Director, directly addressing the increase in market demand for MCT's MSR products. The hiring of Mr. Burruss ensures MCT can continue serving the needs of their MSR clients to define borrower recapture and the effect on MSR hedges, as well as determining fair value and properly incorporating it in MSR valuations. As Director of MSR Sales, David is responsible for marketing outreach and acquisition of new customers.

"We are thrilled to have David joining the MSR division and anticipate he will continue to help expand the business and identify growth opportunities," said Tom Farmer, Managing Director of National Sales. "David's strong industry experience and client-centric focus fits perfectly with the MCT DNA."

Mr. Burruss brings to MCT over 30 years of extensive experience in the mortgage industry. Previously, Mr. Burruss worked uncovering private label clients and those who wanted to sell MSR. He ran his own consulting firm offering a broad range of services like business/product development, investor relations, recruiting and outsourcing. Mr. Burruss had servicing accounts with many of the top 20 U.S. lenders for PMI Mortgage Insurance Company, Arch MI, and Freddie Mac.

He covered the entire mortgage manufacturing process from origination through foreclosure, creating products and services focused on generating efficiencies and uncovering profitable niches for his customers. He also led teams who developed some of the first automated underwriting processes in the industry.

"I was attracted to MCT because of the quality of their people and reputation of the company in the mortgage industry," said. Mr. Burruss. "As I get to know them even better, I have not been disappointed by either. In fact, the truth is better than the hype, which is rare these days! It is great to be a member of an incredible team with such exciting technology and industry knowledge, ever changing and innovating."

About MCT:

Founded in 2001, Mortgage Capital Trading, Inc. (MCT) has grown from a boutique mortgage pipeline hedging firm into the industry's leading provider of fully integrated capital markets services and technology. MCT offers an array of best-in-class services and software covering mortgage pipeline hedging, best execution loan sales, outsourced lock desk solutions, MSR portfolio valuations, business intelligence analytics, mark to market services, and an award-winning comprehensive capital markets software platform called MCTlive! MCT supports independent mortgage bankers, depositories, credit unions, warehouse lenders, and correspondent investors of all sizes.

Headquartered in San Diego, California, MCT also has offices in Philadelphia, Santa Rosa, Los Angeles and Dallas. MCT is well known for its team of capital markets experts and senior traders who continue to provide the boutique-style hands-on engagement clients love.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

Media Contact:
Ian Miller
Chief Marketing Officer
Mortgage Capital Trading
619-618-7855
pr@mctrade.net

MCT® announced that David Burress has joined the company in the position of MSR Sales Director, directly addressing the increase in market demand for MCT's MSR products. The hiring of Mr. Burruss ensures MCT can continue serving the needs of their MSR clients.

Related link: https://mct-trading.com/

MorVest Capital Offering $1.8B in GNMA Mortgage Servicing Rights

SUGAR LAND, Texas /ScoopCloud/ -- MorVest Capital, an industry leader in liquidity and balance sheet advisory services, is the exclusive agent for a $1.8 billion GNMA bulk mortgage servicing portfolio. The seller is an independent mortgage banker providing full reps and warrants. Portfolio characteristics include a 3.45 percent weighted average interest rate, 20 bp net service fee, an average balance of $183,117 and a weighted average age of 24 months.

MorVest CEO David Fleig noted the seller is willing to entertain offers for the entire portfolio or a $1.4B alternate portfolio as indicated in the prospectus.

The bid deadline is 5 p.m. CT Tuesday September 18, 2018. Loan level data will be furnished only under an NDA.

About MorVest Capital:

MorVest Capital is a financial services advisory firm specializing in liquidity and capital solutions for mortgage bankers, including MSR accumulation, valuation, finance and brokerage. Collaborating to provide the first MSR financing facility following the meltdown, MorVest executives demonstrate keen awareness of unique market shifts and opportunities to turn good decisions into very profitable ones.

MorVest Analytics, a division of MorVest Capital, is a premier MSR analytics and valuation service provider with dozens of banks and IMB clients ranging from small players new to the space to the some of the largest companies in the industry.

For more information go to https://www.morvestcap.com/trades or email team@morvestcap.com.

MorVest Capital, an industry leader in liquidity and balance sheet advisory services, is the exclusive agent for a $1.8 billion GNMA bulk mortgage servicing portfolio. The seller is an independent mortgage banker providing full reps and warrants. Portfolio characteristics include a 3.45 percent weighted average interest rate,

Related link: https://www.morvestcap.com/

Subsequent QC, LLC Urges Lenders to Protect MSRs Ahead of Mortgage Servicing Activity in 2018

LOS ANGELES, Calif. /ScoopCloud/ -- Subsequent QC, LLC (SQC) President Michael Steer today advised lenders to take steps to protect their Mortgage Servicing Rights (MSR) assets ahead of an anticipated increase in total mortgage servicing volume. According to the Mortgage Bankers Association, outstanding mortgage debt is expected to reach $10.4 trillion by the end of 2018, compared to $10 trillion in 2017 and $9.7 trillion in 2016.

With the increase in the number of loans to service, and lenders that lack the capabilities to service in-house, the nation's existing 10 to 15 servicers will experience an additional influx in business, making it even more critical for lenders to shore up their oversight of these entities and the assets with which they've been entrusted, Steer says.

"When volume increases, it becomes correspondingly more difficult to ensure quality on a day-to-day basis, which is why lenders need to put additional oversight in place now before volumes rise significantly," Steer said. "These are potentially 30-year assets, and to ensure lenders derive maximum benefit from owning these assets, it is imperative that they enshrine them with every level of protection possible through operational audits of their subservicer and loan-level servicing quality control reviews."

As the servicing-focused sister firm to leading mortgage risk management and compliance services firm Mortgage Quality Management and Research, LLC (MQMR), SQC offers extensive experience in servicing/subservicing operational oversight and loan-level servicing QC. Cross-educated on all areas of interest (AOIs), SQC auditors are trained to recognize issues indicative of process failures, coaching opportunities, trending and mitigating corporate expenditures - all of which enable lenders to effectively manage and protect their servicing assets.

"SQC strives to provide a holistic approach to servicing oversight and loan-level QC that bridges the gap between servicing compliance and risk," Steer said. "To that end, our
auditors are trained to go beyond 'checking the box' and investigate the root cause of issues to ensure issues are addressed at ground zero."

Learn More:
For more information about Subsequent QC services, go to http://subsequentqc.com/ or send an email to: info@mqmresearch.com.

For MBA Servicing Attendees:

MQMR/Subsequent QC executives are attending the MBA's National Mortgage Servicing Conference & Expo 2018, February 6 - 9 at the Gaylord Texan, Grapevine, Texas. If you'd like to set up a meeting about our Servicing QC services, or other MQMR/Subsequent QC services, drop an email to Info@MQMResearch.com.

About Subsequent QC:

Subsequent QC, LLC ("SQC") is a premier provider of Servicing Quality Control audit solutions for mortgage lenders and servicers. With extensive experience in servicing quality control and servicing operational due diligence, we focus exclusively on managing servicing risk for our clients. SQC is the partner of choice for bridging the gap between servicing compliance and risk.

About Mortgage Quality Management and Research, LLC (MQMR):

MQMR bridges the gap between risk and compliance through its suite of risk-related services. Since its inception, MQMR has launched multiple products and services to assist lenders in navigating regulatory requirements, providing mortgage compliance consulting throughout the origination process, servicing QC and subservicing oversight to master servicers, and filling the void of meeting vendor management oversight requirements. With 1,500+ operational reviews of mortgage companies, subservicers, document custodians, and vendors annually, MQMR prides itself on being an industry leader throughout the entire life cycle of the loan.

MQMR is viewed as an industry leader in counterparty risk and compliance. To learn more, visit http://www.mqmresearch.com/, http://subsequentqc.com/, and http://hqvendormanagement.com/.

Subsequent QC, LLC President Michael Steer today advised lenders to take steps to protect their Mortgage Servicing Rights (MSR) assets ahead of an anticipated increase in total mortgage servicing volume. According to the Mortgage Bankers Association, outstanding mortgage debt is expected to reach $10.4 trillion by the end of 2018, compared to $10 trillion in 2017 and $9.7 trillion in 2016.

Related link: http://www.mqmresearch.com/

Mid America Mortgage Purchases $2.7 Billion in Mortgage Servicing Rights

ADDISON, Texas /ScoopCloud/ -- Mid America Mortgage, Inc. (Mid America) announced today it has acquired the mortgage servicing rights (MSRs) for $2.7 billion in government loans. The portfolio includes a number of delinquent VA- and FHA-insured loans.

"Mid America has achieved tremendous success in resolving delinquent government-insured mortgages," said Mid America Owner and CEO Jeff Bode. "By purchasing this portfolio, and another like it, we are providing much-needed liquidity to smaller market players that might otherwise not have an outlet for their distressed servicing."

The sale was completed at the end of March, and LoanCare, Mid America's sub-servicer, will take possession of the purchased MSRs on May 2.

About Mid America Mortgage, Inc.:

Mid America Mortgage, Inc., Addison, Texas, is a multi-state, full-service mortgage lender serving consumers and mortgage originators through its retail, wholesale and correspondent channels. In operation since 1940, Mid America has thrived by retaining its entrepreneurial spirit and leading the market in innovation, most recently with its adoption of electronic mortgage closings (eClosings) and promissory notes (eNotes).

We offer a wide range of residential home loan programs to meet the needs of most home buyers and homeowners, and are also the nation's leading provider of Section 184 home loans for Native Americans.

Mid America is looking for tech-savvy, service-oriented mortgage professionals to join its growing team. We are dedicated to providing our employees with industry-leading tools and technology to deliver a great package of competitive pricing, programs and knowledgeable service. Want to join our team? Visit http://www.midamericacareer.com/.

Additional information about Mid America Mortgage, Inc. can be found on the company's website at http://www.midamericamortgage.com/about/.

Twitter: @midamericamtge

*PHOTO for media: Send2Press.com/mediaboom/16-0802-jeff-bode-300dpi.jpg

Mid America Mortgage, Inc. (Mid America) announced today it has acquired the mortgage servicing rights (MSRs) for $2.7 billion in government loans. The portfolio includes a number of delinquent VA- and FHA-insured loans. The sale was completed at the end of March, and LoanCare, Mid America’s sub-servicer, will take possession of the purchased MSRs on May 2.