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Vericrest Completes Onboarding of New Servicing Rights Portfolios

in Data, Government, Origination, Secondary Market, Servicing March 5, 2013 1,286 Views

""Vericrest Financial, Inc."":https://www.vericrestfinancial.com/NoAuth/Default.aspx?ReturnUrl=%2fAccountInfo.aspx, a premier financial services company based in the Dallas area, announced it has completed onboarding two new portfolios of mortgage servicing rights (MSRs).

The transactions, which boarded on December 12 last year and February 13 this year, ""are consistent with Vericrest's strategy to grow its loan servicing portfolio by continuing to acquire MSRs and rights from investors,"" the company said in a release.

The acquisition of these MSRs increases the aggregate outstanding principal balance of Vericrest's servicing portfolio to $10.1 billion.

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