UnitedTech Lender Services Buys LandAmerica
UnitedTech Lender Services (UTLS) purchased the assets of LandAmerica OneStop, which are now re-branded as UTLS subsidiaries. UnitedTech Lender Services is an Orange County, Calif.-based provider of Web-based business solutions for the mortgage servicing industry. The LandAmerica subsidiaries assumed by the transaction are the default services and BackInTheBlack default servicing technology platform. The former LandAmerica business units are now known as UTLS Default Services and UTLS BackInTheBlack. “Our default management clients are increasingly challenged with delinquencies and foreclosures, as well as the increased focus on regulatory compliance and loss mitigation. Blending the service capabilities with the BackInTheBlack technology enables UTLS to offer the mortgage industry the best and most integrated default and technology servicing solutions in the marketplace,” said Tim Walsh, UTLS president. Write to Austin Kilgore.