Stewart Lender Services (SLS) has announced that it has acquired key assets of Denver, Colo.-based Allonhill LLC, a move designed to solidify Stewart's focus on providing compliance services for the mortgage market. Sue Allon, new Stewart Lender Services vice chairman, and Jason Nadeau, Stewart Lender Services president and CEO, sealed the deal to solidify Stewart's intense focus on providing quality and compliance services for the mortgage market.
Utilizing the technology and talent from this transaction, Stewart will add due diligence, loan quality reviews, compliance solutions and servicer performance management to its suite of products provided to the mortgage servicer and investment community. In addition, Allonhill's team of recognized industry experts is joining the Stewart family.
"With loan quality and compliance being in the forefront of industry concerns, we couldn't be more excited to have some of the most well-known and experienced staff in the industry joining our operations, " said Jason Nadeau, president and CEO of Stewart Lender Services. "Through a combination of the staff, industry-leading technology and Stewart's resources, this transaction brings us tremendous strength at a time when this segment of the market is re-emerging."
In addition to other key staff members, Sue Allon is joining Stewart Lender Services as vice chairman, dedicated to leading Stewart's emergence into the capital markets space with due diligence and oversight services. Stewart has also acquired the industry-leading technology developed at Allonhill. This technology includes a due diligence platform tailored to the in-depth assessment of each client's needs and portfolio characteristics, including configuration that enables easy drill down to specific details of an individual loan, filter on any specific loan characteristic, and offer ad-hoc modifications of review requirements.
"I have always been committed to doing business with the highest integrity, and with Stewart I have a partner that shares these same values," said Allon, CEO of Allonhill. "Stewart has the highest reputation for integrity and has been known for more than 120 years as the company 'Dedicated to Doing Business Right.' I can think of no better company to serve this industry in the newly emerging market landscape."
"Sue is a visionary in our industry, and we are pleased to have her join our leadership team," Nadeau continues. "We share a commitment to growth and vision of bringing this industry a solution to risk management in the form of excellence in diligence and oversight."