Buyers looking to get their hands on some Fannie Mae and Freddie Mac mortgage servicing rights have that opportunity, as a $6 billion bulk residential mortgage servicing rights portfolio that features loans backed by Fannie Mae and Freddie Mac is available for sale.
Buyers hoping to get their hands on some Ginnie Mae mortgage servicing rights have that opportunity, according to Interactive Mortgage Advisors, which announced Friday that it is acting as the exclusive broker for the sale of a $3 billion bulk Ginnie Mae mortgage servicing rights portfolio.
Buyers looking to score some Ginnie Mae servicing are in luck. Interactive Mortgage Advisors announced the sale of a $4 billion Ginnie Mae bulk portfolio of residential mortgage servicing rights. And according to Thomas Piercy, managing member of Interactive Mortgage Advisors, the portfolio is “most likely the best Ginnie Mae deal offered this year.”
Finishing up the year, Interactive Mortgage Advisors’ latest bulk residential mortgage servicing rights offering features an extremely low interest rate and quality MSRs from an independent mortgage bank.
Fannie Mae and Ginnie Mae each back a separate pool of the underlying loans. IMA is requesting separate bids to be submitted for the Fannie pool and the Ginnie pool to allow consideration by the seller to sell the pools separately.
IMA is overseeing the sale of a Northeast mortgage banker that has retail/wholesale originations and a $1 billion mortgage-servicing rights portfolio with Fannie Mae, Freddie Mac and Ginnie Mae approvals in good standing.
The mortgage industry is leveraging technology like never before, streamlining processes across the spectrum of lending, servicing, investing and real estate. The combination of regulatory pressure and consumer expectations have set a high standard for efficiency and transparency, requiring a significant investment of time, money and talent to hit the right notes for both.
Ironically, the monkey on the mortgage industry’s back for the past 10 years — increasing regulation — is the very thing that forced companies to find efficiencies in every part of the process, which serves them well as they look to engage tech-savvy consumers. Even as the enforcement of some of those regulations is now in question, the long-lasting benefits of investing in automation will stand.
Mortgage banks have traditionally been slow to embrace new technologies, and while the technology that has improved efficiency, security and customer experience in a multitude of other industries (transportation, education and retail, to name a few) is finding its way into the loan production process, a lot of opportunity still exists in other stages of the mortgage life cycle.