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""Vericrest Financial, Inc."":https://www.vericrestfinancial.com/NoAuth/Default.aspx?ReturnUrl=%2fAccountInfo.aspx announced it will acquire about $2.7 billion in mortgage servicing rights (MSRs).
On Tuesday, the company stated it signed two definitive agreements for the MSRs without revealing the name of the companies involved. One transaction closed November 16, with the second expected to close on December 1.
""The acquisition of these MSRs will help to enhance Vericrest's position as a premier mortgage servicer with extensive national reach,"" said Vericrest CEO David Schneider in a statement. ""Combined with our innovative service offerings and state-of-the-art platforms, the increased scale we will achieve through these transactions will support our growth strategy and allow us to deliver best-in-class solutions to a broader client base.""
Vericrest is a financial services firm that specializes in servicing residential mortgage loans across the country. The company has locations in Texas, Oklahoma, and California.
