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The 135,000-member Royal Credit Union in Eau Claire, Wis., has announced a deal to buy the mortgage servicing rights to approximately $600 million in mortgage loans from a Minnesota-based bank.

The move will add roughly 4,200 mortgage loans to the $1.2 billion Royal CU’s portfolio. According to a Royal Executive, the CU already services roughly $900 million in mortgage loans that  have  been sold on the secondary  market.  This purchase brings that number up to $1.5 billion.

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