BSI Financial Services Announces Strategy to Purchase Mortgage Servicing Rights

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Lenders Can Now Elect to Either Subservice through BSI or Sell MSRs on a Bulk or Flow Basis

We now provide a connection to the capital markets in addition to our subservicing and other a la carte services.

BSI Financial Services, a mortgage servicing operations platform that is digitally transforming the mortgage loan process throughout the life cycle of a loan, announces that it has partnered with two institutional investors to purchase mortgage servicing rights (“MSR”). BSI Financial will source, perform due diligence and service MSR assets acquired in partnership with these investors.

"With our new MSR acquisition capability we offer our existing subservicing clients as well as other lenders interested in selling servicing rights the value of convenience and liquidity," said Gagan Sharma, BSI Financial president and CEO. "We now provide a connection to the capital markets in addition to our subservicing and other a la carte services."

Lenders that elect to subservice their loans with BSI Financial will reap economic benefits, efficiencies and flexibility that few other servicers can offer. Lenders who partner with BSI Financial for servicing and sub-servicing can now elect to either subservice or sell MSRs on either a bulk or flow basis. By virtue of BSI Financial's capital market relationships, lenders will enjoy accelerated cash flow and reduced operating risk that can arise when dealing with aggregators.

Loans will be boarded on BSI Financial's ASSET360TM platform, which uses exception-based processing to identify data anomalies during loan boarding and over the life of the loan, reducing errors that may create compliance risk. In addition, ASSET360 TM offers lenders real-time visibility into loan status and performance through a secure lender portal.

As part of its servicing capability, BSI Financial is also offering investors a loan recapture origination service for their loans. This capability is backed by an AI-driven engine that provides the BSI Financial loan origination team predictive analytics. BSI Financial will soon be adding this analytics capability to its subservicing offering.

About BSI Financial Services

Led by a seasoned team of financial industry professionals, BSI Financial is a mortgage servicing operations platform that provides lenders and investors mortgage servicing, MSR acquisition, settlement services, and digital and analytics technology tools.

BSI Financial is approved as a servicer by Fannie Mae, Freddie Mac, FHA, VA, is approved as an issuer by Ginnie Mae and is rated by Fitch and S&P.

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