Analytics Firm Sold to MVCG

SN Capital Markets LLC of Denver - the largest servicing analytics company in the U.S. - has been sold to Mountain View Capital Group.

No price was disclosed. Both firms are privately held. Mountain View also is based in Denver.

SNCM will take on the name of its new owner. The sale closed about 10 days ago. All 33 employees of SNCM will move over to the new firm.

In 2006, SNCM conducted 490 servicing evaluations for roughly 130 clients. The firm also brokers servicing sales and is a player in the red-hot "scratch and dent" whole loan market - both as a broker and a principal buyer.

Mountain View president Mike Morgan said he expects MVCG to be a major player in the scratch-and-dent market. "It's going to be a big part of what we do," he said.

MVCG is in the process of obtaining warehouse lines of credit from several banks.

Jonas Roth, in charge of sales for SNCM and now MVCG, said he doesn't expect the scratch-and-dent market to slowdown anytime soon. "We're seeing 30 to 50 deals a week," he said. "That covers just one loan all the way up to pools of $500 million."

When it comes to scratch-and-dent product, Mr. Roth said that as a buyer/broker, "We want to see everything."

On certain deals MVCG may joint venture with hedge-fund buyers, added Mr. Roth.

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