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Analytics Firm Sold to MVCG.(Group, Mountain View Capital)(Brief article)
Washington -- SN Capital Markets LLC of Denver - the largest servicing analytics company in the U.S. - has been sold to Mountain View Capital Group.
No price was disclosed. Both firms are privately held. Mountain View also is based in Denver.
SNCM will take on the name of its new owner. The sale closed about 10 days ago. All 33 employees of SNCM will move over to the new firm.
In 2006, SNCM conducted 490 servicing evaluations for roughly 130 clients. The firm also brokers servicing sales and is a player in the red-hot "scratch and dent" whole loan market - both as a broker and a principal buyer.
Mountain View president Mike Morgan said he expects MVCG to be a major player in the scratch-and-dent market. "It's going to be a big part ...
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Source: HighBeam Research, Analytics Firm Sold to MVCG.(Group, Mountain View Capital)(Brief...