There are some in the industry who believe the entire subservicing sector is far behind in technology and customer service – and is ripe for a technology disruption of a major kind.
Verus Mortgage Capital is boosting its correspondent acquisition volume by focusing on non-agency mortgages, including non-qualified mortgages. The aggregator was founded in 2015 by Invictus Capital Partners, an investment firm based in Washington, DC.
The Garden State is following in the footsteps of Pennsylvania, which created a Consumer Financial Protection Unit last July and hired a former CFPB attorney to lead the initiative.