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Lending / The Ticker

Stewart acquires Wetzel Trott

Company's growth continues

Money

Houston-based Stewart Information Services Corp. (STC) is growing again. The company announced that Wetzel Trott, Inc. has joined the Stewart family of companies. Wetzel Trott, headquartered in Farmington Hills, Mich., specializes in quality control review for residential lenders.

Wetzel Trott performs origination and servicing quality control reviews on conventional and government loans in accordance with the requirements of Fannie Mae, Freddie Mac, Housing and Urban Development, the Veterans Administration the Federal Home Loan Banks, and private investors.

“This transaction expands Stewart’s quality control services to mortgage lenders and servicers in a time when regulatory compliance and loan quality solutions demand is at its height,” said Jason Nadeau, group president, Stewart. “This transaction further emphasizes Stewart’s focus upon growth and expansion of our mortgage services offerings. We believe that services dedicated to improving loan quality will continue to be critical to our customers.”

The entire Wetzel Trott team will be joining Stewart.

“We are pleased to be joining the Stewart family,” said Jan Wetzel, founder and CEO of Wetzel Trott. “Our dedication and focus on compliance and due diligence mirrors that of Stewart’s, and we have found a great home to continue to grow this service for the mortgage market.”

This marks Stewart’s second expansion in less than a week. Last week, Stewart announced its acquisition of DataQuick Lending Solutions' collateral valuation, settlement services and the title and closing business operations.

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