HOUSTON—Stewart Lender Services, headquarteredhere, said Thursday that it had completed the acquisition ofDataQuick Lending Solutions' collateralvaluation assets, including settlement services and DataQuick'stitle and closing business operations. The transaction represents asignificant expansion of Stewart's mortgage services offerings toinclude valuation services, and closes the loop on an acquisitionfirst announced this past April. Deal terms were not disclosed.

|

“This transaction further emphasizes our focus on growth, andexpansion of our ability to meet the needs of mortgage lenders,”Jason Nadeau, group president at Stewart, said in April. “With thecollateral valuation business line we recognized a significantopportunity to add a leading company with longstanding clientrelationships and expertise to our organization."

|

Further, Nadeau said, "With the title operations we are adding acentralized platform that has been providing services to thenation's top lenders for more than 20 years. We believe thecombination of our Stewart Lender Services operations with thesenew business lines will create a leader in scale and scope ofservices for the mortgage services market.”

|

Harborview Advisors advised SLS, a wholly ownedStewart Title Co. subsidiary, on the transaction.DataQuick itself changed hands this past March, trading fromDecision Insight Information Group toCoreLogic. The deal included DataQuick's CreditSolutions, Data & Analytics, and Flood Zone Determinationbusinesses.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.