Announced
Financials
Tags
Mortgage REITs: Residential
Friendly
Single Bidder
United States
Majority
Domestic
residential mortgage
Private
Acquisition
mortgage loans
Pending
Synopsis
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.
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