POMONA, Calif.--(BUSINESS WIRE)--LERETA, a leading provider of national real estate tax and flood services, has acquired the Flood Determinations Solution from Wolters Kluwer Governance, Risk & Compliance for an undisclosed sum.
In partnership with LERETA, Wolters Kluwer will continue to enable its lending customers to purchase flood determination services through its lending solutions.
Alongside its property tax and flood data services, LERETA will now also be able to provide flood determination services as well as basic, life-of-loan and commercial determinations, and portfolio reviews.
“This acquisition will provide a seamless experience for customers,” said LERETA COO Jim Micali. “LERETA and Wolters Kluwer find alignment in their commitment to providing efficient and compliant flood zone determinations and certificates. Our combined industry expertise and experience will continue to provide customers the support they need.”
LERETA has a 33-year history of delivering flood and tax services and has delivered more than 19 million flood determinations to date.
Since 1986 LERETA has provided the mortgage industry with nationwide property tax and flood data services. LERETA is on a mission to increase servicer efficiency, reduce penalties and interest, and provide unparalleled service. Led by a team of industry experts, LERETA’s extraordinary service is based upon innovation, technology, and flexibility that will meet every customer’s unique needs.