MorVest Capital Offering $1.8B in GNMA Mortgage Servicing Rights
Sugar Land, TX - MorVest Capital, an industry leader in liquidity and balance sheet advisory services, is the exclusive agent for a $1.8 billion GNMA bulk mortgage servicing portfolio. The seller is an independent mortgage banker providing full reps and warrants.
Portfolio characteristics include a 3.45% weighted average interest rate, 20 bp net service fee, an average balance of $183,117 and a weighted average age of 24 months.
MorVest CEO David Fleig noted the seller is willing to entertain offers for the entire portfolio or a $1.4B alternate portfolio as indicated in the prospectus.
The bid deadline is 5PM CT Tuesday September 18, 2018. Loan level data will be furnished only under an NDA.
About MorVest Capital