Houston-based Stewart Lender Services announced it entered an agreement with DataQuick Lending Solutions to acquire its collateral valuation, settlement services and the title and closing business operations.
This represents a significant expansion of Stewart’s mortgage services offerings and centralized title operations, along with expanding the number of Stewart Title’s retail offices.
As a result of the acquisition, Stewart’s tile company will add two additional processing centers, a suite of complementary branch operations, a team of title and closing operations staff and a platform upon which Stewart can continue to grow centralized title services.
“We believe the combination of our Stewart Lender Services operations with these new business lines will create a leader in scale and scope of services for the mortgage services market,” said Jason Nadeau, group president of Stewart.
“The addition of these platforms fully round out our service offerings – allowing us to support lenders from origination and home equity through all facets of performing or default servicing, including support for due diligence and other secondary and capital markets services,” Nadeau added.