Consolidated Analytics, an Irvine, Calif.-based provider of property valuation, loan due diligence, mortgage fulfillment and advisory services for the real estate finance industry, has acquired Carrington Property Services (CPS), a Santa Ana, Calif.-based provider of third-party REO asset management, rental management and valuation services.
The financial terms of the acquisition were not disclosed. CPS will be rebranded as Consolidated Asset Management.
"Mortgage industry participants are looking for a streamlined, scalable, and centralized way to effectively evaluate and manage their real estate assets," said Consolidated Analytics
CEO Arvin Wijay. "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."