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.
UnitedTech Lender Services Buys LandAmerica
Most Popular Articles
Latest Articles
Did lower mortgage rates slow housing inventory growth?
After two weeks of significant increases, my model for inventory growth with higher mortgage rates came crashing down last week.
-
Labor market report is good news for mortgage rates
-
Virginia Realtors: Zillow’s touring agreement may not be legal
-
Low inventory creates challenging conditions in North Carolina’s housing market
-
Tri-state area housing shortage could cost the region economically
-
Remote reverse mortgage counseling now permanently permitted in Massachusetts