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HousingWire Annual Virtual Summit

Sessions from HousingWire Annual 2021 are going to be virtually streamed on October 25. Register now for FREE to tune into what housing industry leaders had to say this year!

How servicers can access timely, accurate data insights

Learn how to navigate the challenges in today’s market – for example, the need for ongoing, on-demand access to near-real-time data and the ability to access those data insights in a timely and accurate manner.

Steve Murray on new brokerage models, CFPB crackdowns

Today’s HousingWire Daily features a discussion on the emergence of a new brokerage model and the validity behind the concerns against institutional investors.

Mortgage

Computershare completes acquisitions of Capital Markets Cooperative, Altavera Mortgage Services

Australian tech company continues mortgage industry growth

Computershare, an Australian tech company that expanded into the U.S. mortgage market in 2011 when it acquired Specialized Loan Servicing for $113.6 million, announced earlier this year that it planned to expand its mortgage presence with a pair of acquisitions.

And this week, Computershare announced that it completed the acquisitions of Capital Markets Cooperative andAltavera Mortgage Services, buoying its U.S. mortgage operations.

Computershare initially announced the Altavera deal in January.

Altavera is a provider of independent, third-party mortgage origination services to residential mortgage lenders.

According to the company, Altavera offers a “full suite” of services including loan set-up, processing, underwriting, closing, funding and quality control for all product types, including non-QM, jumbo and conventional loans.

Just a few weeks after announcing the Altavera deal, Computershare announced its plans to acquire Capital Markets Cooperative, a nationwide alliance of mortgage bankers that provides exclusive offerings and value-added services to its members.

Now, both acquisitions are final.

According to a release from Computershare, the company views Altavera and CMC as “vital” parts of the company’s plan to grow its global mortgage services business.

“These acquisitions significantly expand Computershare's ability to support mortgage lenders and investors through each stage of the mortgage life cycle,” Computershare said in a release. “CMC's range of secondary market solutions, combined with Altavera's loan fulfillment offerings and Computershare's existing loan servicing solution, will help the company deliver services critical to the success of lenders.”

Computershare said that it views the management teams and employees of both companies as “integral” to the success of the company’s plan to expand its mortgage business.

Computershare also said that the company established an integration team to bring together a unified loan services solution for its clients and expects clients to begin seeing benefits from the combined approach in the coming months.

Computershare did not disclose the financial terms of either deal.

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