Wolters Kluwer to Buy Stewart Flood Biz

Wolters Kluwer Financial Services, Minneapolis, has signed an agreement to acquire substantially all the assets of Houston-based Stewart Lender Services' flood determination business.The terms of the agreement were not disclosed. Stewart's flood determination division offers basic certification, basic plus life of loan, portfolio review, and commercial flood determinations. Wolters Kluwer Financial Services' PCi line of flood determination solutions and Stewart's flood determination division offer similar services: determinations compliant with all federal flood regulations and the policies of government agencies and loan servicers; an online database that provides determinations in seconds; and manual determinations when necessary, with answers to questions regarding exceptions, regulatory implications, or overall service issues. Stewart Lender Services is a subsidiary of Stewart Title Co. and part of Stewart Information Services Corp. Wolters Kluwer Financial Services can be found on the Web at http://www.wolterskluwerfs.com.