Mortgage

Solidifi acquires Southwest Financial Services

Strengthens Solidifi’s home equity market solutions

Solidifi, a provider of residential real estate appraisals, acquired Cincinnati-based Southwest Financial Services, provider of outsourced services to home equity lenders.

“The combination of Solidifi’s strength in purchase and refinance appraisals provided by our network of more than 25,000 appraisers and Southwest Financial Services' innovative home equity product offerings creates a robust experience for lenders, who have access to a more complete suite of solutions,” said Solidifi’s CEO, Jason Smith.

Southwest Financial Services has been in the industry for more than 25 years, providing title, valuation and flood determination services for lenders.

Greg Schroeder, president of Southwest Financial Services, will remain an advisor to the company.

In addition, the acquisition was made with the company’s existing cash resources. 

Along with the acquisition, Solidifi’s parent, Real Matters, raised $60 million in financing to strengthen the company’s balance sheet and to pursue further strategic opportunities. 

Most Popular Articles

FHA, VA join Fannie, Freddie in relaxing some standards

With the coronavirus continuing to reshape the face of the country and the economy, the biggest players in the mortgage business are moving to try to make it easier to lend. Last week, it was Fannie and Freddie. Now, it’s the FHA and VA’s turn.

Mar 30, 2020 By

Latest Articles

FHA rolls out new mortgage relief options amid coronavirus outbreak

HUD announced Thursday that the FHA is rolling out a “tailored set of mortgage payment relief options” for FHA mortgage borrowers who are being affected by the coronavirus. One of those payment relief options gives borrowers the ability to defer their mortgage payments for at least six months and as many as 12 months.

Apr 02, 2020 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please