HOUSTON--(BUSINESS WIRE)--Stewart announced today that it has completed the acquisition of DataQuick Lending Solutions® collateral valuation assets. The transaction represents a significant expansion of Stewart’s mortgage services offerings to include valuation services.
The completion of this transaction adds a robust suite of collateral valuation products to Stewart’s bundle of mortgage services offerings.
“We are thrilled to have DataQuick Lending Solutions’ team of industry experts officially join the Stewart family. Their breadth and depth of knowledge will help Stewart continue to become the leading mortgage services provider,” said Jason Nadeau, Group President, Stewart. “These valuation products will complement Stewart’s existing product lines in support of home equity and first mortgage lending, as well as default and capital markets activities.”
Harborview Advisors advised Stewart on the transaction.
About Stewart Lender Services
Stewart Lender Services (SLS), a wholly owned subsidiary of Stewart Title Company, is a nationwide provider of centralized origination title, loss mitigation/default resolution, default title, REO asset solutions, collateral valuations, quality control and due diligence for mortgage lenders, servicers and capital markets. With more than a century of experience matched with the industry’s leading technologies, SLS helps lenders, servicers and law firms meet the rapidly changing demands of today’s market. SLS has the financial strength, industry knowledge and proven flexibility to perform throughout the lifecycle of a loan. More information can be found at http://www.stewartlenderservices.com.
Stewart Title Company is a wholly owned subsidiary of Stewart Information Services Corp. (NYSE:STC), a customer-focused, global title insurance and real estate services company offering products and services through our direct operations, network of approved agencies and other companies within the Stewart family. Stewart provides these services to homebuyers and sellers; residential and commercial real estate professionals; mortgage lenders and servicers; title agencies and real estate attorneys; home builders; and United States governments. Stewart also provides loan origination and servicing support; loan review services; loss mitigation; REO asset management; due diligence for capital markets; home and personal insurance services; tax-deferred exchanges; and technology to streamline the real estate process. Stewart offers personalized service, industry expertise and customized solutions for virtually any type of real estate transaction, and is the preferred real estate services provider. More information can be found at http://www.stewart.com/news, subscribe to the Stewart blog at http://blog.stewart.com or follow Stewart on Twitter @stewarttitleco.
Forward-looking statements. Certain statements in this report are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to future, not past, events and often address our expected future business and financial performance. These statements often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “will” or other similar words. Forward-looking statements by their nature are subject to various risks and uncertainties that could cause our actual results to be materially different than those expressed in the forward-looking statements. These risks and uncertainties include, among other things, our ability to respond to and implement technology changes, including the completion of the implementation of our enterprise systems and our ability to timely and cost-effectively respond to significant industry changes and introduce new products and services. We expressly disclaim any obligation to update any forward-looking statements contained in this release to reflect events or circumstances that may arise after the date hereof, except as may be required by applicable law.
Trademarks are the property of their respective owners.