Digital Banking

Bayview intros insurance asset management business

September 5, 2023

Bayview Asset Management, an investment management company, has introduced its Insurance Asset Management business, which will be led by CIO Nancy Mueller Handal. The business will provide loan origination, underwriting, accounting and analytics, according to a press release.

"I feel privileged to have the opportunity to partner with Nancy, whom I have long admired as a leader in residential loan and structured products investing," David Ertel, CEO of Bayview, said in the release. "Nancy is a one-of-a-kind executive, in the unique position of being one of the industry's most thoughtful mortgage whole loan investors while having the insurance industry perspective of a senior executive. She is perfectly positioned to lead this natural extension of the Bayview business."

The company manages $620 billion of mortgage servicing rights and has purchased more than $163 billion in residential loans. It provides credit protection for banks on residential mortgages.