Freedom Superior LLC, the indirect parent of Freedom Mortgage Corp., has agreed to acquire Seneca Mortgage Servicing LLC from EJF Capital LP in a move aimed at expanding its mortgage servicing capabilities, the companies announced Monday. Financial terms were not disclosed.

Under the Freedom umbrella, Seneca, an asset manager that invests in and services mortgage servicing rights (MSRs), is expected to expand its platform to allow outside investors to invest in high-quality mortgage loan assets.

“We believe that combining Seneca with our premier mortgage operations will create great synergies and deliver exceptional results for Freedom’s investors,” said Greg Middleman, managing director of Freedom, details ⇒

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