Since 2003, Capital Markets Cooperative (CMC) has built a full suite of products and services that deliver greater profitability to its Patron members. CMC, based in Ponte Vedra Beach, Fla., supports a nationwide network of more than 400 Patrons – financial institutions, credit unions and independent mortgage lenders – and uses the lenders’ collective power to negotiate better products, services, pricing and liquidity solutions during the processing, sale and servicing of mortgages.
On April 29, 2016, Computershare Limited (ASX:CPU) acquired Capital Markets Cooperative and its wholly-owned subsidiary, CMC Funding. The acquisition is a strategic component of Computershare’s expanding U.S. mortgage footprint. Computershare's stability, operational capabilities and financial backing supports CMC so the company can continue to grow and expand its selection of unique products and services offered to its growing base of Patrons.
A Track Record of Growth
2016Computershare Limited (ASX:CPU) announces the acquisition of Capital Markets Cooperative, LLC (CMC) on April 29, 2016. The acquisition significantly expands CMC’s ability to support mortgage lenders through each stage of the mortgage life cycle.
2015CMC reaches a milestone of over 200 Patron members, facilitating 900 network connections through a full roster of Preferred Partners.
2014CMC is selected as FHLB Indianapolis and Cincinnati MPP Servicing-Released Partner.
2013CMC grows to 85 Patrons and expands its services including
MSR Valuation and Analytics.
2011CMC launches CMC Funding to provide Patrons with a servicing acquisition channel for their Agency-direct business.
2010WL Ross & Co, LLC invests capital in CMC to support additional business services.
2008CMC continues to build on its strategic plan, growing to 40 Patrons and expanding the roster of Preferred Partners.
2003Capital Markets Cooperative is founded and launches its Risk Management and Cooperative Solutions. CMC implements its strategic plan to grow its Patron membership.
CMC's first Patron joins.