Jason Vinar Appointed CIO of Rocktop Capital Advisors

Jason Vinar has been appointed Chief Investment Officer (CIO) of Rocktop Capital Advisors, the capital markets and mortgage servicing rights (MSR) business of Rocktop Technologies, as announced on Wednesday. In this role, Vinar will oversee MSR valuation, hedge advisory, and trading, while also establishing the strategic direction for the platform's expansion. His appointment signifies Rocktop's intent to deepen its involvement across the entire MSR lifecycle, from portfolio analytics and risk management to secondary market execution. This move is particularly relevant given the current sensitivity of MSR values to interest rate fluctuations and evolving capital and liquidity mandates within the industry.

Vinar transitions to Rocktop from Two Harbors Investment Corp., a publicly traded mortgage real estate investment trust (REIT), where he most recently held the position of Chief Operating Officer. Prior to that, he served as Managing Director and Head of MSR Investments and Operations at Two Harbors. His earlier career included a significant role at Pine River Capital Management, the external manager for Two Harbors, where he was instrumental in developing the firm's MSR business. At Pine River, Vinar was responsible for building and scaling the firm's MSR operations.

Rocktop Capital Advisors, a subsidiary of Rocktop Technologies, has a substantial track record, having traded over $2 trillion in mortgage servicing rights since its inception in 2016. The firm conducts more than 750 portfolio valuations annually and serves a diverse clientele, including institutional mortgage banks, nonbank servicers, issuers, and state housing finance agencies. Vinar's extensive buy-side and operational experience is expected to complement Rocktop Capital Advisors' historically advisory and execution-focused approach.

During his tenure at Two Harbors, Vinar led a significant acquisition and integration of RoundPoint Mortgage Servicing, a transaction valued at over $25 million that was earnings-accretive. This acquisition brought a team of more than 500 professionals and a servicing portfolio of approximately 1 million loans. He also actively managed the servicing portfolio through strategic purchases, targeted sales, and swaps to optimize its composition. Vinar's expertise in managing and shaping servicing portfolios is a key asset for Rocktop as it aims to enhance its offerings in the mortgage servicing rights market.