BSI Financial Services, a mortgage servicing operations platform, announced that it has partnered with two institutional investors to purchase mortgage servicing rights (MSR). BSI Financial will source; perform due diligence and service MSR assets acquired in partnership with these investors.

Lenders now can elect to either subservice through BSI or sell MSRs on a bulk or flow basis. BSI now provides a connection to the capital markets in addition to our subservicing and other a la carte services, the company announced in a press release.

“With our new MSR acquisition capability we offer our existing subservicing clients as well as other lenders interested in selling servicing rights the value of convenience and liquidity,” Gagan Sharma, BSI Financial president and CEO, said in the release. “We now provide a connection to the capital markets in addition to our subservicing and other a la carte services.”

By virtue of BSI Financial’s capital market relationships, the company said lenders will enjoy accelerated cash flow and reduced operating risk that can arise when dealing with aggregators.

“Loans will be boarded on BSI Financial's ASSET360TM platform, which uses exception-based processing to identify data anomalies during loan boarding and over the life of the loan, reducing errors that may create compliance risk,” the company said. “In addition, ASSET360 TM offers lenders real-time visibility into loan status and performance through a secure lender portal.”

As part of its servicing capability, BSI Financial is also offering investors a loan recapture origination service for their loans. This capability is backed by an AI-driven engine that provides the BSI Financial loan origination team predictive analytics. BSI Financial soon will be adding this analytics capability to its subservicing offering.