Residential Credit Solutions, a specialty servicer and NPL investor based in Ft. Worth, this week received final approvals to issue and service Ginnie Mae I and II single-family mortgage-backed securities.
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The approvals likely will allow the firm to expand its presence in the MSR and subservicing markets. Its clients include at least one GSE.
RCS president Dennis Stowe said in a statement, “We are pleased to begin our association with Ginnie Mae, expanding our firm's ability to serve the needs of the residential mortgage industry.”
The firm manages roughly $5 billion in performing and nonperforming residential loans and employs 225 employees in Fort Worth, Los Angeles and New York.
