Shelton, Conn.-based Clayton Holdings LLC, a provider of loan due diligence, surveillance, real estate owned management, valuations and consulting services, has acquired Pittsburgh-based ValuAmerica Inc., a national title agency, appraisal management company and technology provider.
According to Clayton, ValuAmerica will still operate under its current brand and at its current base in Pittsburgh. Further, the company's senior management team and its leader, Shawn Murphy, will remain on board. No other terms were announced.
‘The acquisition of ValuAmerica significantly expands the scope of title and valuation services Clayton offers our mortgage clients,’ says Joe D'Urso, president of Clayton. ‘In addition to a full range of title and closing services, we are able to offer a full suite of valuation products – from full appraisals and BPOs to enhanced automated valuation estimates – as well as flood, property and mortgage information.’
‘Joining with Clayton and its parent, Radian, gives us the resources to further develop the technology, infrastructure and vendor networks required for today's more competitive, compliance-focused environment,’ ValuAmerica's Murphy comments.