TransUnion Settlement Solutions Inc., Chicago, has announced the acquisition of Atlantic Assurance Group, a national mortgage information and vendor management company based in Charlotte, N.C.The terms of the deal were not disclosed. TransUnion said Atlantic Assurance is a privately held company -- with more than 300 employees serving all 50 states -- that offers services such as title reporting, title insurance, real property valuation, closing and settlement services, flood zone certifications, and land surveys. TransUnion said the acquisition "enhances TransUnion's residential lending process solutions, and reinforces the company's leadership position in the real estate settlement services industry." The company can be found on the Web at http://www.transunionssi.com.
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The Rithm subsidiary plans to reduce its involvement in decentralized operations through an agreement with the American Pacific Mortgage affiliate.
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However, for the second quarter, increased home purchase mortgage activity contributed to an industry-wide 11% increase in agency securitizations, BTIG said.
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