Incenter, a Blackstone portfolio company, just announced its next step in the expansion of the company. 

The company is working towards registering as the subsidiary, Incenter Securities Group, as a mortgage-focused broker-dealer.

At first, it will focus more on offering capital markets execution services to both mortgage originators and institutional investors in whole loan trading.

As it works to register as a wholly owned subsidiary, it brings an already-hired fixed income sales and trading team.

Once the company is registered, it will expand its capital markets services and offer mortgage backed securities trading. ISG will work together with Incenter’s servicing broker, Incenter Mortgage Advisors, to provide a full spectrum of valuation, trading and advisory services.

“By starting a mortgage-focused broker-dealer, Incenter will be able to offer a broader spectrum of services to its existing clients as well as outside participants and investors in the mortgage servicing rights, residential loan and mortgage back securities marketplace,” Incenter President Nicholas Smith said.

IMA Managing Director Tom Piercy says there is value in the new step the company is taking.

“ISG will be valuable to our objectives as we will be able to combine direct access to loan and securities execution in the capital markets in addition to our MSR execution,” Piercy said. 

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