Select Portfolio Servicing to acquire Rushmore Loan Management Services.

Select Portfolio Servicing, a loan servicing company, agreed to acquire Rushmore Loan Management Services, a provider of residential mortgage services. Financial terms were not disclosed. "We believe that this combination of two highly rated and well-recognized brands will create a stronger company to better serve our customers, clients, regulators and associates. I believe that we are like-minded with very similar cultural values, which should result in a strong and successful future together," Randhir Gandhi, Select Portfolio Servicing CEO.