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Home » Store » News » IBM Set to Expand Presence in Loan Mod Arena

IBM Set to Expand Presence in Loan Mod Arena

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IBM, a global IT services behemoth, is set to expand its mortgage servicing business after signing an agreement to acquire Bank of America’s Wilshire Credit Corp., a servicer specializing in underperforming mortgages. The acquisition is expected to ease IBM’s transition into the loan modification arena in the wake of the company’s announcement in March of a new offering that will enable...
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