And the company plans to buy more
TMS, a financial services and mortgage company, has kicked off its push to acquire and finance mortgage-servicing rights with the completion to two bulk MSR transactions.
The company said it plans to buy more as it continues to grow its $30 billion portfolio. TMS also cited the continued growth of its subservicing platform SIME, Servicing Intelligence Made Easy, as part of the reason for the move.
“Our decision to now buy and finance MSR transactions is the perfect next step for TMS as we take SIME to a whole new level,” TMS President Ali Vafai said.
The SIME platform offers real-time transparency into a portfolio, which helps reduce delinquent loans and gives borrowers and lenders top-notch customer service.
“Sellers no longer have to be afraid of their borrowers getting lost or upset in the selling process,” said Vafai. “With SIME, we can manage the asset better than anyone else and ensure a smooth transition.”
Given the handful of eligible Ginnie Mae MSR buyers in the market, the company said it is actively searching for strategic opportunities that are around the $1 billion mark. The company also said it is offering special pricing to companies who are already correspondent sellers or who have recently started a subservicing relationship with TMS.
