Residential Mortgage Servicing Rights
RPC-managed MSR investment funds and customized investor accounts
Our Approach
We invest in MSR through an integrated platform that combines sourcing, servicing oversight, and portfolio management. Our strategy is based on four core principles:
Proprietary Sourcing Through Strategic Partnerships
We partner with mortgage originators to provide tailored and innovative capital solutions for their MSR. We believe these relationships create consistent access to high-quality asset flow and align us with key participants in the mortgage ecosystem.
Scaled Servicing Infrastructure
We work with a select network of third-party subservicers to perform day-to-day servicing operations. We believe this model provides operational scalability while maintaining flexibility across market environments.
Active Oversight and Control
Our internal team applies ongoing governance and oversight across our servicing partners. Drawing on our experience managing large MSR platforms, we focus on servicing performance, compliance, and borrower outcomes to maintain a strong control environment.
Disciplined Portfolio Management
We apply rigorous portfolio construction and risk management to optimize performance across interest rate environments. We believe our approach captures the structural return characteristics of MSR while mitigating downside risk.
Why MSR
MSR provides a unique exposure within fixed income, with returns driven by servicing performance, borrower behavior, and prepayment dynamics rather than traditional credit risk alone.
Key economic components include:
- Net servicing fee income, derived from servicing mortgage loans
- Float income, earned on borrower payments prior to remittance
- Ancillary income streams, including late fees and other servicing-related revenues
We believe these characteristics create a differentiated return profile relative to traditional fixed income assets.
Platform Capabilities
✓ Approved seller/servicer entity for Fannie Mae and Freddie Mac
✓ Licensed to own and manage MSR directly
✓ Outsourced servicing operations through third-party subservicers
✓ Dedicated internal team overseeing servicing performance, compliance, and reporting
Investor Access
Rice Park provides investors with access to the MSR market through a scaled, integrated platform with deep domain expertise and established sourcing relationships.
For more information about Rice Park’s MSR strategies, please contact us.
Nexus Nova LLC
Nexus Nova LLC, (“Nexus Nova”) formed in October 2020, is a subsidiary of Rice Park Capital Management LP (“Rice Park Capital”), an investment firm based in Plymouth, Minnesota. Nexus Nova specializes in investing in mortgage servicing rights and has quickly become a market leader in this area. As a Freddie Mac and Fannie Mae approved Master Servicer, Nexus Nova has already achieved significant recognition in its industry. The success of Nexus Nova can be attributed to the extensive mortgage investment knowledge and experience of Rice Park Capital Management.
Rosegate Mortgage, LLC
Rosegate Mortgage, LLC, (“Rosegate”), NMLS 2020757, founded in August 2020, is a residential mortgage loan originator based in Charlotte, North Carolina. Rosegate specializes in home financing solutions and serves customers with a white glove experience through its tech-forward approach and easy process, backed by a centralized team of mortgage loan professionals. Rosegate has partnered with Rice Park Capital Management LP (“Rice Park”) to provide home financing opportunities to customers of Rice Park’s subsidiary Nexus Nova LLC.
