US EditionMortgage subservicing is having a makeover moment
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Mortgage subservicing is having a makeover moment
What happens when competitors pursue scale in a static yet strategically important market? The answer lies in a remote corner of the mortgage industry: subservicing. This business — which involves handling mortgage payments, borrower communication and escrow administration on behalf of lenders — has undergone consolidation. The sector drew renewed attention in March when Rocket Companies announced a $9.4 billion offer to acquire Mr. Cooper Group…
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