Matrix Bancorp, Denver, has sold its servicing advisory group to Security National Holding Co. and former employees of the unit for about $4.1 million.The advisory group, Matrix Bancorp Trading, evaluates and sells residential servicing portfolios. It also manages an active whole-loan trading desk. The former MBT will be housed under a limited liability company called SN Capital Markets LLC. MBT employed 31 full-timers, all of whom will shift over to SNCM.
Matrix Sells Servicing Advisory Unit
April 03, 2006, 2:00 p.m. EDT 1 Min Read
