Lunch & Learn: Are appraisals the next big opportunity in mortgage fulfillment?

This Lunch & Learn for mortgage lenders will explore the evolution of the appraisal process as well as opportunities for innovation.

HousingWire Annual Virtual Summit

Sessions from HousingWire Annual 2021 are going to be virtually streamed on October 25. Register now for FREE to tune into what housing industry leaders had to say this year!

How Freddie Mac is addressing affordable housing challenges

Freddie Mac is focused on addressing limited access to credit, housing inequalities, creation and preservation of affordable housing supply and advancement of homeownership education.

How to increase minority homeownership?

Today’s HousingWire Daily features a roundtable discussion from HousingWire’s Lunch & Learn series that looks at “Unpacking the lender’s vital role in increasing minority homeownership.”

Solutionstar completes acquisition of Title365

Firm to leverage acquisition to expand beachhead in California

Solutionstar Holdings, an indirect wholly-owned subsidiary of Nationstar Mortgage Holdings (NSM), has closed on its acquisition of Experience 1, the holding company for Title365 and technology subsidiaries X1 Labs and X1 Xpress.

They are known collectively as Title365.

Through the transaction, Solutionstar expects to speed operations through added efficiency, by using Title365’s licenses to expand into new geographic markets, particularly in California. 

This acquisition is another strategic move to leverage technological expertise to deliver comprehensive, end-to-end online services for homebuyers, home sellers and real estate professionals.

Title365 provides innovative technology solutions to make title insurance and escrow services more convenient for market participants. Solutionstar intends to combine its existing title operations with Title365 and operate on a go-forward basis under the Title365, X1 Labs, X1 Xpress, X1 Analytics and Trusted Signing brands.

“This acquisition positions Solutionstar as a premier national title player and is an important next step in our ongoing commitment to develop the nation’s premier real estate technology company,” said Nationstar CEO Jay Bray.

“Acquiring Title365 underscores Solutionstar’s commitment to significant, sustained investments in innovation resulting in new technologies, products and third-party business,” said Solutionstar CEO Kal Raman. “We are proud to welcome Title365’s highly reputable management team and employees to the rapidly growing Solutionstar family.”

Title365 generated over $60 million of revenue in 2014. The transaction closed for $36 million in cash with additional consideration dependent on the ongoing involvement of certain key employees and achieving certain performance targets. The acquisition is expected to be accretive to earnings. Title365 was advised by JMP Securities.

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