General World News

SPS to acquire Rushmore Loan Management Services assets

Select Portfolio Servicing Inc. (SPS) has struck a deal to acquire certain assets of Texas-based Rushmore Loan Management Services LLC.

The deal, announced Monday, will result in Salt Lake City-based SPS acquiring Rushmore’s servicing personnel. The transaction is expected to close in the fourth quarter of 2022, subject to regulatory approvals. Terms of the deal were not disclosed.

Should the deal close, Rushmore’s servicing division, led by Jocelyn Martin-Leano, will operate as a division of SPS. Martin-Leano will report to SPS CEO Randhir Gandhi. 

“We believe that this combination of two highly rated and well-recognized brands will create a stronger company to better serve details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com