Situs agreed Friday to buy mortgage servicing rights valuation and brokerage firm MountainView Financial Solutions in a deal set to close this month.
Terms of the transaction were not disclosed.
In addition to its MSR valuation and brokerage capabilities, MountainView's work with "hard to value securities," whole loans and risk management analytics made the company an attractive acquisition for Situs, Steve Powel, CEO of Situs, said in a press release.
"As a part of the Situs family, MountainView will be able to leverage Situs' existing tools, resources, data and partnerships to further develop our combined analytics framework, enhance our models and extend our offerings into new asset classes and to more clients," said Powel.
Its core business has been focused on commercial real estate services, but recently it has shown more interest in housing.
"Together with our 2017
Prominent former executives from several government housing agencies are or have been members of Collingwood's team, including Brian Montgomery, the former Federal Housing Administration commissioner. The
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