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Volume 22 - Number 20

September 28, 2018

The Money Source Takes Aim on Subservicing

The Money Source hopes to double its volume of subservicing contracts to almost $8.0 billion by yearend, capitalizing on what it feels is an underserved market: Smaller clients that donít receive hands-on service from the giants of the industry, namely Cenlar and Dovenmuehle. At least thatís the view from TMS President Ali Vafai, who says thereís a huge ďvoidĒ of subservicers that can effectively handle high-touch product, especially Ginnie Mae receivables. ďThe problem is that some Ginnie subservicers ...

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With loan volumes declining, does your shop have plans to enter the non-QM lending market in 2019?

Yes, definitely. A solid move forward.
Yes, but only incrementally.
We’re pondering a move into non-QM, but haven’t made up our mind.
No, definitely not. We view it has too risky.

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