Virginia Beach, Virginia-based reQuire, a lien release tracking and reporting service for the real estate settlement services sector, has completed the acquisition of Final Trac.
The terms of the deal were not announced.
reQuire and Final Trac’s web-based systems have tracked, reported and obtained lien releases associated with paid-off mortgages and lines of credit for over 1,000,000 liens.
“The added experience, skills, and relationships they bring to the team will allow reQuire to more rapidly expand its service offerings and position the Company as the ‘go to’ source for risk mitigation solutions in real property transactions,” Matt Klein, reQuire’s president, said.
“The two companies joining forces will help us continue to focus on providing our customers with world class service and title tracking expertise while utilizing reQuire’s state of the art technology,” Linda Aparo, former CEO of Final Trac, said.
Aparo will be joining the reQuire team as director of sales and marketing. In addition, the team will join, with Hartford serving as a second operations center for the combined company.