Inside Movement Mortgage's MSR sales strategy

Inside Movement Mortgage's MSR sales strategy

Due to ferocious investor demand, Movement Mortgage is opportunistically selling billions in mortgage servicing rights. And the South Carolina-based retail lender is using the cash proceeds to sharpen pricing for its roughly 1,400 producing loan officers. But while improved pricing might help win deals in the short term, Movement isn’t retaining recapture rights on some MSR sales, HousingWire has learned. Here’s our insider’s look at Movement’s …