Shellpoint Buys Mortgage Servicing Firm
In connection with the deal, Shellpoint's New Penn Financial LLC subsidiary will acquire Resurgent Capital Services' mortgage servicing unit to create Shellpoint Mortgage Servicing, which will operate as a division of and servicer for New Penn. RMS currently services New Penn's mortgage loans.
The terms of the deal were not disclosed, but as of Aug. 31, Resurgent's servicing portfolio...
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