International Business Machines Corp., which provides a host of outsourced services to mortgage lenders, now wants to take on one of the toughest jobs in the business — servicing distressed loans.

The Armonk, N.Y., vendor said Monday that it has agreed to buy the servicing platform of Wilshire Credit Corp., a Beaverton, Ore., servicer that specializes in troubled mortgages, from Bank of America Corp.

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