Milliman acquires MorVest to boost MSR services
Global
consulting
and
actuarial
firm
Milliman
Inc.
announced
Monday
that
it
has
acquired
MorVest
Capital,
a
Dallas-based
provider
of
mortgage
servicing
rights
(MSRs)
analytics
and
advisory
services.
The
deal,
which
is
expected
to
enhance
Milliman’s
own
MSR
services,
expands
its
mortgage
capabilities
to
include
MSR
valuation,
financing,
hedging
and
brokering.
MorVest,
founded
in
2013,
is
known
for
its
MSR
strategy
expertise
and
client-focused
analytics.
“We
are
thrilled
to
welcome
MorVest
Capital
to
the
Milliman
family,”
Brett
Ludden,
managing
director
and
head
of
mortgage
solutions
at
Milliman,
said
in
a
statement.
MorVest
CEO
David
Fleig
said
that
joining
Milliman
gives
the
firm
broader
reach
and
deeper
resources.
“Together,
we
can
deliver
even
greater
value
to
the
mortgage
industry,”
he
said.
Milliman
said
MorVest’s
platform
will
be
expanded
with
its
own
mortgage
behavior
models,
hedging
strategies,
data
analytics
and
software
capabilities.
This
will
allow
the
combined
firm
to
offer
a
full
suite
of
risk-management
services
to
mortgage
originators,
servicers
and
capital
providers.
Monday’s
acquisition
marks
another
step
in
Milliman’s
diversification
of
its
business.
In
March,
the
company
expanded
into
the
residential
mortgage
channel
and
hired
both
Ludden
and
Jeff
Juliane
to
its
team.
