LandAm Buys Servicing Tech Provider

LandAmerica Financial Group Inc., Richmond, Va., has announced the acquisition of MSTD Inc., a Baltimore-based provider of Web-based technology to the mortgage servicing industry.MSTD is an application service provider whose flagship product, BackInTheBlack, combines rules-based decision engines with embedded workflows and integration of all third-party providers and services used by lenders managing delinquent loans. "Our default management clients are increasingly challenged with delinquencies and foreclosures, as well as with an increased focus on regulatory compliance and loss litigation," said Albert V. Will, executive vice president of lender services for LandAmerica. "Blending the capabilities of LandAmerica Default Services with the technology expertise and products of MSTD enables LandAmerica to offer the mortgage industry the best and most integrated servicing solution in the marketplace." LandAmerica can be found online at http://www.landam.com.