Computershare has agreed to acquire Capital Markets Cooperative for $71.2 million.
The purchase price includes $44 million for the CMC business and $27.2 million for its mortgage servicing rights portfolio. The deal is expected to close within three months.
CMC, in Ponte Vedra Beach, Fla., will be managed as a separate, autonomous entity. It will be added to Computershare's U.S. mortgage footprint, including the mortgage servicer Specialized Loan Servicing and the fulfillment provider Altavera Mortgage Services, which Computershare has also
CMC is a network of banks, credit unions and nonbank mortgage lenders that negotiate with investors and service partners. CMC has more than 200 originator clients with total annual loan originations of more than $100 billion.
