TheMReport

MReport April 2019

TheMReport — News and strategies for the evolving mortgage marketplace.

Issue link: http://digital.themreport.com/i/1096867

Contents of this Issue

Navigation

Page 52 of 69

TH E M R EP O RT | 49 SERVICING THE LATEST O R I G I NAT I O N S E R V I C I N G DATA G O V E R N M E N T S E C O N DA R Y M A R K E T SERVICING O R I G I NAT I O N DATA G O V E R N M E N T S E C O N DA R Y M A R K E T S E R V I C I N G Carrington Property Services Acquired by Consolidated Analytics THE COMPANY WILL FOCUS ON IMPROVING PRODUCTIVITY AND ACCELERATING RETURNS ACROSS THE ASSET MANAGEMENT LIFECYCLE. CALIFORNIA // Consolidated Analytics, a provider of property valuation, loan due diligence, mortgage fulfillment, and advi- sory services for the real estate finance industry, announced its acquisition of Carrington Property Services (CPS), a pro- vider of third-party REO asset management, rental management, and valuation services. The transaction broadens Consolidated Analytics' scope of services and enhances its value proposition to its lender, GSE, servicer, and capital markets clients. The move supports the company's long-term growth plan centered on providing the real estate finance industry with a one-stop services solution. "Mortgage industry participants are looking for a streamlined, scalable, and centralized way to effectively evaluate and manage their real estate assets," said Arvin Wijay, CEO at Consolidated Analytics. "The acquisition of CPS boosts our infrastructure, resources, technology, and support functions, which will improve productivity and accelerate returns at every aspect of the asset management lifecycle." In recent years, Consolidated Analytics has taken significant steps to develop its mortgage services platform by expanding its internal operations, technology, and service capabilities, and by making strategic acquisitions including the acquisition of Equitable Mortgage Solutions, a mortgage fulfillment provider, and OpEXNow, a mortgage operations advisory firm. The acquisition of CPS cements the company's leadership position in the property valuation and management space and significantly augments its due diligence capabilities for non- performing loan buyers. The acquisition of CPS was financed by investments from affiliates of Eos Partners, L.P. and Seal Rock Partners—two New York-based private investment firms—that have partnered with the Consolidated Analytics' management team to support the company's growth strategy. "By reinvesting in our business, we can offer our clients more value, improved execution, and better customer experience," said Rudy Zabran, Chief Revenue Officer at Consolidated Analytics. "We have carefully planned out our growth path to ensure our clients stand to gain the most."

Articles in this issue

Archives of this issue

view archives of TheMReport - MReport April 2019