Milliman, a global consulting and actuarial firm, has acquired MorVest Capital, a Dallas, Texas-based provider of mortgage servicing rights (MSR) analytics, risk management, and advisory services, to enhance its offerings in the mortgage sector.
The acquisition aims to strengthen Milliman’s portfolio of analytical solutions for the mortgage industry, specifically expanding its capabilities in MSR valuation, financing, hedging, and brokering. MorVest Capital, founded in 2013, is recognized for its industry insights and client-focused approach to MSR strategy.
Brett Ludden, Managing Director and head of Mortgage Solutions at Milliman, stated, “MorVest’s advanced MSR analytics and proven advisory services will enhance our ability to serve mortgage market participants with data-driven insights and rigorous risk management. This acquisition accelerates our growth in the mortgage sector and strengthens our position as a trusted partner for financial institutions navigating complex market dynamics.”
David Fleig, CEO of MorVest Capital, commented on the integration, “Joining Milliman is an exciting milestone for MorVest and our clients. Milliman’s global reach and actuarial expertise perfectly complement our innovative MSR analytics platform. Together, we can deliver even greater value to the mortgage industry by supporting clients with best-in-class risk management and strategic guidance.”
The combined entity will offer a comprehensive solution for lenders, servicers, and investors. MorVest’s platform is expected to integrate Milliman’s expertise in mortgage behavior models, hedging strategies, data analytics, and software development. With this acquisition, Milliman now provides a full suite of risk management solutions to mortgage originators, servicers, and capital providers.
