BOK Financial Corp (NASDAQ:BOKF) has announced the acquisition of right to service $4.1 billion portfolio of mortgage loans from Charter Bank. The portfolio holds 34,400 loans in New Mexico, Texas, Oklahoma, Kansas, Arizona, Colorado and Idaho. The loans will be serviced by BOK Financial, and held by Fannie Mae, Freddie Mac and Fannie Mae. The acquisition will bring a 46% increase of BOK Financial’s current $7.4 billion mortgage servicing portfolio.
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BOK Financial Corporation (BOK Financial) is a financial holding company. BOK Financial offers banking services in Oklahoma, Dallas, Fort Worth and Houston, Texas, Albuquerque, New Mexico, Northwest Arkansas, Denver, Colorado, Phoenix, Arizona and Kansas City, Missouri/Kansas. Its principal subsidiaries include Bank of Oklahoma, N.A. (BOk), Bank of Texas, N.A., Bank of Albuquerque, N.A., Bank of Arkansas, N.A., Colorado State Bank and Trust, N.A., Bank of Arizona, N.A. and Bank of Kansas City, N.A. Other subsidiaries include BOSC, Inc., a broker/dealer that engages in retail and institutional securities sales and municipal bond underwriting. BOK Financial operates three principal lines of business: commercial banking, consumer banking and wealth management.
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