Interactive Mortgage Advisors (IMA), a firm focused on the valuation and trading of mortgage servicing rights (MSRs), has added to its operational network with the opening of a new office in Dallas.
With its new expansion, the company hopes to gain a foothold in the Lone Star State, which is home to a large number of originators and servicers.
“I have traded MSRs for 27 years and have never seen as much activity as I have in the past two years,” said IMAmanaging member Tom Piercy. “Furthermore, the concentration of servicing being managed in the Dallas area and the number of IMA clients has expanded rapidly in Dallas and all of Texas. This move is necessary for us to continue to be a leader in the trading of MSRs by being in the geographic center of so many great companies.”
Managing the new location is John Sayre, a mortgage industry veteran of more than 25 years, which includes eight years in secondary marketing at various financial institutions, 14 years in customer management at Fannie Mae, and more than three years working in business development sourcing MSR acquisitions for private equity firms.
Sayre’s job at IMA will have him working with banks, credit unions, and mortgage banks on the purchase and sale of MSRs for both bulk transactions and strategic flow arrangements.
Commenting on his new position, Sayre said he is honored to join the IMA team.
“This is the perfect opportunity for me to help develop the emerging MSR market and work with originators and investors to establish both long term strategic relationships as well as best execution arrangements,” he said.