Computershare (ASX:CPU) has disclosed its plans to sell its U.S.

Mortgage Services business.

The operation is to be taken over by Rithm Capital Corp in a deal estimated to be worth US$720 million.

A definitive agreement has been entered into by the two parties, with completion of the transaction projected for early Q4 FY24.

This transaction is anticipated to be EPS accretive in its first full year following the divestiture.

Computershare (ASX:CPU) is a technology company specializing in financial services and investment consulting.