Article Summary
Rocktop Technologies, a company known for its tech-heavy and expertise-driven approach, has purchased Incenter Capital Advisors. The acquisition allows Rocktop to expand its capabilities in the capital market space, particularly in the trading and pricing of mortgage servicing rights (MSR) and post-transactional support. It also strengthens the company’s AI and blockchain focus in trading operations. The deal’s terms remain undisclosed and Incenter Capital Advisors will retain its branding for now.
What This Means for You
- Expect a more robust MSR market: As origination activities increase and borrower distress rises, the market is likely to become more active, offering new trading opportunities.
- Benefit from AI and blockchain advancements: Rocktop’s focus on advanced technology for data mapping, servicing transfers, and capital markets could lead to better services and improvements in trade operations.
- Collaborate with experienced professionals: By acquiring Incenter Capital Advisors, Rocktop adds the company’s valuation expertise, relationships, and deep data sets to its roster, creating a powerful asset for institutional mortgage investors.
- Be aware of expanding offerings: Rocktop’s acquisition signals its intent to cater to a wider range of clients in need of MSR trading, pricing, and management, so stay informed of their future growth and offerings.
Original Post
Rocktop Technologies’ purchase of Incenter Capital Advisors enhances its current capabilities and differentiates it in the capital market space, notably in the trading and pricing of mortgage servicing rights (MSR) and post-transactional support.
Terms of the deal, completed on May 15, were not disclosed, with Incenter Capital Advisors retaining its branding for now.
“Our expertise in the capital market space, combined with Incenter Capital Advisors’ domain knowledge, will create a robust opportunity set,” said Brett Benson, Rocktop’s co-president and chief investment officer.
Incenter Capital Advisors specializes in brokering and consulting on the trading and pricing of MSR and post-transactional support.
Why Rocktop wanted to buy Incenter Capital Advisors
Rocktop’s MSR valuations, due diligence functions, and transaction management functions complement Incenter Capital Advisors’ business, adding synergy to the merger.
Long-standing personal relationships between Rocktop and Incenter Capital Advisors’ executives, such as managing director Tom Piercy, and a shared perspective on the market’s direction, fueled the acquisition.
Focusing on AI and Blockchain
In addition to harnessing the expertise provided by Incenter, Rocktop has focused on AI, blockchain, and data mapping for trading operations-related functions, leading the company to consider an acquisition instead of a partnership.
Rocktop plans to use AI for trade operations, data mapping, servicing transfers, and capital markets, in line with its long-term strategic vision.
The Outlook for MSR Trades in 2025
Rocktop expects a more robust MSR market due to the balancing of mortgage rates, which will increase origination activity and MSR supply.
Another crucial factor driving MSR trades is delinquency rates, which are currently on the rise.
Incenter Capital Advisors’ Legacy and Future with Rocktop
“By aligning Rocktop’s strengths in data and document management, intelligent workflow automation, and AI-driven analytics with Incenter Capital Advisors’ client-facing market execution, deep valuation expertise, and data sets, we’ll create a
Key Terms
- Mortgage Servicing Rights (MSR)
- Capital markets
- Trading operations functions
- AI technology
- Blockchain
- Origination activities
- Delinquency rates
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