CCM closes Two Harbors deal, brings servicing in-house

The acquisition of Two Harbors by CCM is a significant development in the mortgage lending space, as it brings a substantial $155 billion mortgage servicing rights (MSR) book under CCM's control. This move is likely driven by the desire to increase efficiency and reduce costs by servicing loans in-house, rather than relying on third-party providers. By doing so, CCM can better manage its risk exposure and improve customer relationships.

This deal also highlights the growing trend of lenders seeking to vertically integrate their operations, with a focus on servicing as a key component of their business strategy. The addition of the RoundPoint platform will provide CCM with the technology and expertise needed to effectively manage its expanded MSR book. As the mortgage market continues to evolve, lenders are recognizing the importance of having control over the entire loan lifecycle, from origination to servicing.

As the dust settles on this deal, industry observers will be watching to see how CCM integrates the Two Harbors MSR book and RoundPoint platform into its existing operations. Key areas to watch will include the company's ability to retain and grow its customer base, as well as its success in managing the risks associated with an expanded MSR book. Additionally, the impact of this deal on the broader mortgage market will be closely monitored, as it may prompt other lenders to reevaluate their own servicing strategies and consider similar moves to bring operations in-house.

Originally reported by housingwire.com. ASIDNews adds analysis for real estate & property readers.