Connect with us

Hi, what are you looking for?

The American GeniusThe American Genius

Housing News

Stewart Lending acquires REO subservicing company PMH Financial

Stewart acquires PMH

Steward Lender Services (SLS), subsidiary of Stewart Title Company has announced the acquisition of a majority ownership interest in PMH Financial, a full-service REO outsource and subservicing company that provides REO services, short sale management, collateral valuation, subservicing, loan review and due diligence services.

PMH currently has over 100 employees spread across six states and an active inventory of roughly $2.5 billion in real estate assets on behalf of financial institutions, loan servicers and hedge fund investors.

Strategic acquisition, what about overlap?

“This transaction represents a strategic acquisition for Stewart Lender Services,” said Jason Nadeau, president and CEO of Stewart Lender Services. “PMH will provide a great deal of synergy with a number of Stewart clients and services. PMH’s senior leadership team has some of the leading REO and servicing executives in our industry. We are very excited to have them join our team.”

Although the two have some clients in common, the overlap that does exist will not lead to any internal competition, according to Nadeau.

Advertisement. Scroll to continue reading.

Expanding a line of related products

“This is an excellent move for our clients and helps to position our company for continued growth”, said Ken Blevins, president and CEO of PMH Financial. “Stewart is a market leader in providing a comprehensive set of default and mortgage origination services. By joining Stewart Lender Services, we can deliver greater value to our clients while offering them an expanded line of related products and services.”

Everyone’s getting in on the acquisition game

It’s not just tech companies and real estate search companies that are acquiring one another, builders and lenders are as well, marking an era of strengthening internal offering while buying companies that in an extremely successful economy could possibly be unable to be acquired.

Tara Steele is the News Director at The American Genius, covering entrepreneur, real estate, technology news and everything in between. If you'd like to reach Tara with a question, comment, press release or hot news tip, simply click the link below.

14 Comments

Leave a Reply

Your email address will not be published.

The
American Genius
news neatly in your inbox

Subscribe to our mailing list for news sent straight to your email inbox.

Advertisement

KEEP READING!

Real Estate Technology

(TECH NEWS) It turns out that Internet of Things, like smart bulbs in homes, are not secure and give up your info - here...

Real Estate Marketing

(MARKETING) Your fancy, self-animating website might be making people violently ill, even if it is insanely beautiful. Sorry...

Real Estate Marketing

(MARKETING) Conduit is a CRM that does more than CRM, it analyzes your networking data to help you see how to improve your relationships.

Real Estate Corporate

(REAL ESTATE) Zillow has long been a data powerhouse, but a lawsuit about a $150M listing offers a look into listings claims.

The American Genius is a strong news voice in the entrepreneur and tech world, offering meaningful, concise insight into emerging technologies, the digital economy, best practices, and a shifting business culture. We refuse to publish fluff, and our readers rely on us for inspiring action. Copyright © 2005-2022, The American Genius, LLC.