Stewart Enters the Capital Markets Space
HOUSTON (Sept. 3, 2013) – Stewart Lender Services (SLS), a Stewart® company and leading provider of Servicing and Mortgage Origination Support Services, announced today that it has acquired key assets of Allonhill, LLC., the industry leading due diligence and risk management company, which is located in Denver, CO. The transaction solidifies 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 Sue 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.”
JMP Securities advised Allonhill on the transaction.
About Stewart Lender Services
Stewart Lender Services (SLS), a wholly owned subsidiary of Stewart Title Company, is a nationwide provider of centralized origination title, loss mitigation/default resolution, default title and REO asset solutions for mortgage lenders and servicers. With more than a century of experience matched with the industry’s leading technologies, SLS helps lenders, servicers and law firms meet the rapidly changing demands of today’s market. SLS has the financial strength, industry knowledge and proven flexibility to perform throughout the lifecycle of a loan. More information can be found at http://www.stewartlenderservices.com.
Stewart Title Company is a wholly owned subsidiary of Stewart Information Services Corp. (NYSE-STC), a customer-focused, global title insurance and real estate services company offering products and services through our direct operations, network of approved agencies and other companies within the Stewart family. Stewart provides these services to homebuyers and sellers; residential and commercial real estate professionals; mortgage lenders and servicers; title agencies and real estate attorneys; home builders; and United States and foreign governments. Stewart also provides loan origination and servicing support; loan review services; loss mitigation; REO asset management; home and personal insurance services; tax-deferred exchanges; and technology to streamline the real estate process. Stewart offers personalized service, industry expertise and customized solutions for virtually any type of real estate transaction, and is the preferred real estate services provider. More information can be found at http://www.stewart.com/news.