As many of the larger financial institutions are starting to lay off employees due to fewer borrowers entering delinquency and default, Wingspan Portfolio Advisors is continuing to build its presence within the mortgage servicing industry.

The special servicer made its second large acquisition for 2013 by reaching an agreement with JPMorgan Chase to take over a large-scale customer service operation in Monroe, La.

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Authoritative analysis and perspective for every segment of the mortgage industry