Stewart has announced that Wetzel Trott Inc., headquartered in Farmington Hills, Mich., has joined the Stewart family of companies. The transaction strengthens Stewart’s quality control (QC) audit and due diligence offerings for the mortgage origination and servicing space. Wetzel Trott has specialized in QC reviews for residential lenders since 1985, with hundreds of customers throughout the United States. Wetzel Trott performs origination and servicing QC reviews on conventional and government loans in accordance with the requirements of Fannie Mae, Freddie Mac, U.S. Department of Housing & Urban Development (HUD), the Veterans Administration (VA), the Federal Home Loan Banks (FHLB), and private investors.
The entire Wetzel Trott team joins Stewart and builds upon the existing loan review and due diligence product offerings strengthening the origination QC and servicing QC that Stewart offers for mortgage lenders, servicers and the capital markets.
“This transaction expands Stewart’s quality control services to mortgage lenders and servicers in a time when regulatory compliance and loan quality solutions demand is at its height,” said Jason Nadeau, group president, Stewart. “This transaction further emphasizes Stewart’s focus upon growth and expansion of our mortgage services offerings. We believe that services dedicated to improving loan quality will continue to be critical to our customers.”
“We are pleased to be joining the Stewart family,” said Jan Wetzel, founder and CEO of Wetzel Trott. “Our dedication and focus on compliance and due diligence mirrors that of Stewart’s, and we have found a great home to continue to grow this service for the mortgage market.”