New Mortgage Servicing Joint Venture To Acquire AMS Servicing

Posted by Patrick Barnard on September 12, 2013 No Comments
Categories : FYI

Seneca Mortgage Investments, a newly formed joint venture of Arbor Commercial Mortgage, affiliates of GSO Capital Partners and EJF Capital, is set to acquire AMS Servicing, a national specialty servicer for residential and small-balance commercial mortgages.

Terms of the deal, which is still subject to regulatory approval, were not disclosed.

As per the agreement, Arbor Commercial Mortgage will sell AMS Servicing to Seneca Mortgage Investments. The transaction is expected to close within the next several months.

A well-capitalized, non-bank, non-originator with an experienced servicing platform, Seneca Mortgage Investments aims to better serve the residential mortgage marketplace with customized mortgage-servicing solutions.

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