February 12, 2021
Shellpoint Mortgage Servicing handled the most volume of loans in non-agency mortgage-backed securities in 2020, according to a new ranking and analysis by Inside Nonconforming Markets.
The firm processed $10.62 billion of loans in MBS issued last year, attaining a market share of 26.1%. Select Portfolio Servicing ranked second, handling $6.46 billion of loans in issuance last year, with its portfolio accounting for 15.9% of total non-agency MBS issuance. No other firm topped $3.5 billion in servicing on issuance in 2020.
Shellpoint, which is owned by New Residential Investment, handles both prime mortgages and expanded-credit loans. SPS, which is owned by Credit Suisse, focuses entirely on the expanded-credit sector.