"The deal, which is expected to enhance Milliman's own MSR services, expands its mortgage capabilities to include MSR valuation, financing, hedging and brokering. MorVest, founded in 2013, is known for its MSR strategy expertise and client-focused analytics. We are thrilled to welcome MorVest Capital to the Milliman family, Brett Ludden, managing director and head of mortgage solutions at Milliman, said in a statement."
"MorVest CEO David Fleig said that joining Milliman gives the firm broader reach and deeper resources. Together, we can deliver even greater value to the mortgage industry, he said. Milliman said MorVest's platform will be expanded with its own mortgage behavior models, hedging strategies, data analytics and software capabilities. This will allow the combined firm to offer a full suite of risk-management services to mortgage originators, servicers and capital providers."
Milliman Inc. acquired MorVest Capital, a Dallas-based provider of mortgage servicing rights analytics and advisory services. The acquisition expands capabilities to include MSR valuation, financing, hedging, brokering, and broader risk-management offerings. MorVest, founded in 2013, brings MSR strategy expertise and client-focused analytics. Combined platforms will integrate mortgage behavior models, hedging strategies, data analytics, and software capabilities to serve mortgage originators, servicers, and capital providers. The transaction advances diversification into the residential mortgage channel and strengthens advisory, valuation, financing, and risk-management services within Milliman's mortgage solutions.
Read at www.housingwire.com
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