Mortgage Connect LP Announces Formation of Valuation Connect Through Acquisition Of Urban Lending Solutions Appraisals
FOR IMMEDIATE RELEASE
Contact: Ellie Kadz
MORTGAGE CONNECT LP ANNOUNCES THE FORMATION OF VALUATION CONNECT THROUGH ACQUISITION OF URBAN LENDING SOLUTIONS APPRAISALS
Acquisition supports company’s continued growth strategy to innovate mortgage transactional services by enhancing operational processes and the consumer experience
Pittsburgh, PA – March 7, 2017 – Mortgage Connect LP, a national closing and title settlement service provider for the nation’s largest financial institutions, investors and servicers, and M&G Realty Enterprises, LLC, a real estate services investment company, announce that through its subsidiary, MCMG Holdings, LLC, they have acquired Urban Lending Solutions Appraisals (ULSA). ULSA, a Colorado based nationwide appraisal management company, offers innovative, customizable valuation solutions to mid and large sized lenders and servicers. The company, which will transition to the name Valuation Connect, will operate as a subsidiary of Mortgage Connect.
“ULSA is a natural fit to our best-in-class service approach and shares our vision to innovate the mortgage transaction process and enhance the client experience,” stated Jeff Coury, CEO of Mortgage Connect. “ULSA has a solid foundation in the appraisal space, a strong leadership team and a sound operational strategy. Consistent with our growth initiatives, expanding into valuations adds depth to our portfolio of mortgage services and strengthens our position in the marketplace.”
ULSA President, Scot Rose, will continue to lead the division and will be joined by his current management team and staff. “Joining the Mortgage Connect family allows us to cultivate innovative ways to service our current clients and to diversify as a leading mortgage services provider,” stated Rose. Valuation Connect, LLC, as a subsidiary of Mortgage Connect, will leverage existing MSA’s to expand into new product lines.
About Mortgage Connect LP
Mortgage Connect is a Pittsburgh, PA based national closing and title settlement service provider, serving the Origination, Default, Home Equity and Private Wealth sectors. With offices in New York, Texas and California, the company offers customizable solutions to the nation’s lenders and servicers, including 6 of the top 10. Through its serve-first culture, Mortgage Connect and its subsidiaries are committed to an unwavering level of communication, education and customer service on each transaction and strive to leave an overwhelmingly positive and lasting impression with the consumer, loan officer and the client. For more information, visit www.mortgageconnectlp.com.
About M&G Realty Enterprises, LLC
M&G Realty is a West Palm Beach, FL based investment company, investing in real estate, real estate services and real estate technology and information companies. Some of its investments include KeystoneB2B LLC, Archwell Solutions LLC, Inspire Closing Services LLC, Matic Insurance, and Cloud Virga among others.
About Urban Lending Solutions Appraisal
ULSA is a national provider of valuation services for residential and commercial real estate. ULSA has a full suite of collateral risk solutions for the Origination, Default, Home Equity and Private Wealth sectors with expertise in retail, wholesale, consumer, FHA, REO, and loss mitigation.
# # #