In a significant partnership within the mortgage industry, Rocket Mortgage has successfully secured a deal to oversee all servicing and recapturing operations for a portion of Annaly Capital Management’s servicing book. This strategic move not only solidifies Rocket Mortgage’s presence in the mortgage servicing sector but also aligns with Annaly Capital Management’s efforts to optimize their servicing activities.
Key points from the text include:
– Rocket Mortgage has entered into an agreement to manage servicing and recapturing functions for a percentage of Annaly Capital Management’s servicing book
– The deal signifies Rocket Mortgage’s expansion in the mortgage servicing industry
– Annaly Capital Management aims to enhance their servicing operations by leveraging Rocket Mortgage’s expertise and capabilities
– This partnership highlights the ongoing collaboration and consolidation trends within the mortgage industry, as companies seek to streamline and improve their servicing functions.
You can read this full article at: https://www.housingwire.com/articles/rocket-closes-subservicing-deal-with-reit-annaly/(subscription required)
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