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Nationstar Agrees to Purchase Equifax Settlement Services

NationalMortgageProfessional.com
Feb 07, 2013

Nationstar Mortgage Holdings Inc. has announced that it acquired Equifax Settlement Services Holding LLC from Equifax Inc. ESS is a provider of appraisal, title insurance and settlement services in the United States and serves a broad array of blue chip clients, including the largest financial institutions in the country. Nationstar intends to combine ESS with its Solutionstar platform and rebrand ESS as “Solutionstar Settlement Services." “This acquisition will play a key role in our goal to become the long-term strategic partner of choice to financial institutions,” said Nationstar CEO Jay Bray. “Combined with our asset management and recovery businesses, ESS brings critical capabilities and an experienced management team that will greatly enhance the value of Solutionstar. In support of our strategy to further broaden our real estate services offering across the entire mortgage lifecycle, we will continue to pursue strategic acquisitions of fee-based services companies that meet our return thresholds.” “Nationstar is proud to add ESS to the Solutionstar family of services,” said Solutionstar President Shawn Stone. “ESS’ reputation for customer service and quality execution set the company apart. We remain committed to serving ESS’ current clients and are excited for the opportunity to further grow the Solutionstar platform.”
Published
Feb 07, 2013