Lewisville, Texas-based Nationstar Mortgage Holdings Inc. has announced its acquisition of Equifax Settlement Services Holding LLC (ESS) from Atlanta-based Equifax Inc. ESS is a provider of appraisal, title insurance and settlement services.
Nationstar intends to combine ESS with its Solutionstar platform and rebrand ESS as Solutionstar Settlement Services.
‘This acquisition will play a key role in our goal to become the long-term strategic partner of choice to financial institutions,’ says Nationstar CEO Jay Bray. ‘Combined with our asset management and recovery businesses, ESS brings critical capabilities and an experienced management team that will greatly enhance the value of Solutionstar. In support of our strategy to further broaden our real estate services offering across the entire mortgage life cycle, we will continue to pursue strategic acquisitions of fee-based services companies that meet our return thresholds.’
ESS currently has over 130 employees based in Coraopolis, Pa., and Frisco, Texas. ESS had over $65 million in revenue in 2012. Terms of the acquisition were not disclosed.