Stewart Lender Services in Houston has completed the acquisition of DataQuick Lending Solutions, which adds valuations to Stewart's mortgage service offering.
Stewart's services also include origination title, loss mitigation, default title and foreclosed asset solutions, and quality control for mortgage lenders, servicers and capital markets. The company is a subsidiary of Stewart Title Co., which is owned by Stewart Information Services Corp., a global title insurance and real estate services company.
DataQuick specializes in collateral valuation products that complement "Stewart's existing product lines in support of home equity and first mortgage lending, as well as default and capital markets activities," Jason Nadeau, group president at Stewart, said in a press release Wednesday. DataQuick's team of valuation professionals has also joined Stewart.
Harborview Advisors advised Stewart on the transaction.
The acquisition follows last year's purchase of Allonhill LLC, a due diligence and risk management company in Denver, and a partnership with Butler & Hosch to expand REO title curative and settlement services, which also helped expand Stewart's offering.