SAINT PAUL, Minn.--(BUSINESS WIRE)--Incenter LLC (“Incenter”), a leading provider of capital markets and fulfillment services for mortgage lenders and specialty finance companies, announced that it has acquired Boston National, a leading provider of title and settlement services. The terms of the transaction were not disclosed.
“Under the leadership of John Keratsis, Boston National has proven its best-in-class service value proposition to its clients, significantly expanded its geographic footprint and become an industry innovator in title and settlement services,” said Nick Smith, president, Incenter LLC. “As we look to expand our end-to-end solution for our clients, we constantly seek opportunities to bolster our capabilities through the addition of top-tier talent and, when it makes sense, through acquisitions like this one. We are confident that our clients will immediately benefit from this relationship and we look forward to putting the full breadth of Boston National’s offering to work on their behalf.”
Headquartered in Charlotte, North Carolina, Boston National provides comprehensive, residential and commercial title and settlement services in all 50 states; leveraging state-of-the-art technology and a unique, channel-specific service delivery model. CEO John Keratsis will join Incenter; focusing primarily on the strategic integration of the title and settlement process with Incenter’s other service offerings to continuously optimize mortgage lending for productivity and profitability.
“Boston National has built its reputation on bucking the assembly-line approach common in the title industry in favor of wrapping service delivery around the client,” said Keratsis. “We found a like-minded team and culture in Incenter and are very excited about this opportunity to join efforts. We are grateful for our clients' trust and loyalty and we're confident that this relationship will only increase our opportunity to provide our industry-leading customer service to an even broader audience.”
The acquisition is not expected to impact daily operations or staffing across Boston National’s 18 service locations. The transaction has successfully closed.
About Incenter LLC
As a Blackstone portfolio company headquartered in Saint Paul, Minnesota, Incenter provides its lender clients operating in the mortgage and specialty finance markets with access to capital, secondary markets solutions and fulfillment services. With additional offices in Dallas, Denver, Los Angeles, New York and Manila, Philippines, Incenter employs approximately 900 professionals worldwide. For more information, please visit www.incenterms.com.