Computershare Announces Intent to Acquire Capital Markets Cooperative, LLC (CMC)

CMC to expand breadth of solutions for clients in the mortgage industry

Feb 03, 2016, 17:10 ET from Computershare Limited

NEW YORK, Feb. 3, 2016 /PRNewswire/ -- Computershare Limited (ASX:CPU) announced today it has agreed to acquire Capital Markets Cooperative, LLC (CMC), subject to approval of U.S. government-sponsored enterprises and state regulators. The acquisition is expected to close on or around April 2016.

CMC, based in Ponte Vedra Beach, Fla., enables a nationwide network of more than 200 "Patrons" – financial institutions, credit unions and independent mortgage lenders – to use their collective power to negotiate better products, services, pricing and liquidity solutions during the processing, sale and servicing of mortgages by working with CMC's network of preferred mortgage investors and mortgage service partners. In turn, CMC's Cooperative Business Solutions provides access to a dependable loan origination stream and simplified access to the mortgage lending marketplace.

While remaining a separate, autonomous entity, CMC will be a strategic component of Computershare's expanding U.S. mortgage footprint, which already includes mortgage servicer Specialized Loan Servicing (SLS) and will soon also include its recently announced planned acquisition of fulfillment provider Altavera Mortgage Services, LLC.

"The mortgage industry is an important area of future growth for Computershare," said Bryan Butvick, EVP and head of Computershare's mortgage-related services. "We are pleased to be able to expand our service offering in that marketplace to include the wide array of services CMC offers its Patrons."

"We are thrilled to become part of Computershare," said CMC president and CEO Tom Millon. "We already have strong working relationships with Computershare and SLS, developed through successful transactions we have executed with them in the past year. Computershare's stability, operational capabilities and financial backing will support us to continue to grow our business, support our preferred investors and vendors, and provide outstanding products and services to our Patrons."

About Computershare Limited

Computershare (ASX: CPU) is a global market leader in transfer agency and share registration, employee equity plans, proxy solicitation and stakeholder communications. We also specialize in corporate trust, mortgage, bankruptcy, class action and utility administration, and a range of other diversified financial and governance services.

Founded in 1978, Computershare is renowned for its expertise in high integrity data management, high volume transaction processing and reconciliations, payments and stakeholder engagement. Many of the world's leading organizations use us to streamline and maximize the value of relationships with their investors, employees, creditors and customers.

Computershare is represented in all major financial markets and has over 15,000 employees worldwide.

For more information, visit www.computershare.com.

About Capital Markets Cooperative, LLC

Founded in 2003 by Tom Millon and based in Ponte Vedra Beach, Fla., Capital Markets Cooperative, LLC (CMC), leverages the collective power of a nationwide network of mortgage bankers to negotiate better products, services, pricing and liquidity solutions during the processing, sale and servicing of mortgages. CMC has 200+ Patrons with combined annual production of more than $100B.

CMC Patrons choose from a wide array of mortgage services including cooperative business solutions, servicing acquisition, servicing valuation and pipeline risk management.

Specialties
Cooperative Business Solutions, Mortgage Capital Markets, Secondary Marketing, Hedging Services, Servicing Valuation and Analytics, Servicing Acquisition.

http://www.capmkts.org

Contacts:

Kristal Bogle
Computershare
310 751 1819
kristal.bogle@computershare.com

 

SOURCE Computershare Limited



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