SEATTLE: Global consulting and actuarial firm Milliman, Inc. said on Tuesday it has acquired MorVest Capital, a provider of mortgage servicing rights (MSR) analytics and advisory services, in a move to bolster its offerings to the U.S. mortgage industry.
The acquisition combines Milliman’s actuarial and consulting expertise with MorVest’s specialized platform for MSR valuation, financing, hedging, and brokering. The deal aims to provide lenders, servicers, and investors with comprehensive risk management solutions amid complex housing market dynamics.
Founded in 2013 and based in Dallas, Texas, MorVest brings deep MSR strategy and client advisory experience to Milliman’s existing mortgage solutions division. Milliman stated the deal would enhance its ability to deliver data-driven insights and hedging strategies to financial institutions.
“MorVest’s advanced MSR analytics and proven advisory services will enhance our ability to serve mortgage market participants,” said Brett Ludden, Managing Director and head of Mortgage Solutions at Milliman.
David Fleig, CEO of MorVest Capital, said joining Milliman would allow the firm to leverage broader actuarial expertise and global reach while continuing to support clients with risk management and strategic guidance.
MorVest’s platform will be integrated with Milliman’s mortgage behavior models, data analytics, and software development resources. Milliman noted the addition enables it to offer a full suite of risk management services to mortgage originators, servicers, and capital providers.
Financial terms of the transaction were not disclosed.