BSI to purchase mortgage servicing rights following capital raise

Mortgage servicer BSI Financial Services reports that it has partnered with two institutional investors to raise 0 million in capital that the company will use to purchase mortgage servicing rights (MSRs). BSI Financial will source, perform due diligence and service MSR assets acquired in partnership with these investors.

The following is an excerpt from Chapter 8 of Volume III of The Mortgage Professional’s Handbook: Valuing and trading mortgage servicing Rights Michael B. Carnes, Director, Capital Markets MIAC Capital Markets, LLC. ACCOUNTING AND REPORTING.

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BSI to purchase mortgage servicing rights following capital raise bsi Financial Services received a capital infusion for the subservicer to acquire mortgage servicing rights for its own account in order to offer its clients more liquidity for this asset.

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Our business model is predicated on purchasing mortgage servicing rights, rights to fees and other income from servicing mortgage loans and associated servicing advances and engaging one or more high-quality residential mortgage loan servicers to service the pools of mortgage loans underlying our mortgage servicing rights.

By definition a Mortgage Servicing Right, herein referred to as MSR(s), is a contractual agreement where the right, or rights, to service an existing mortgage are sold by the original lender to another party who, for a fee, performs the various functions required to service mortgages. As a servicer, firms are responsible for collecting borrower payments including Principal and Interest as well as Taxes and Insurance, and then remitting those payments to investors, insurance companies, and.

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This includes, but is not limited to, the following fixed-rate agency. investment portfolio by allocating more capital into commercial debt/real estate, preferred equity, corporate debt, mortgage.