NEW YORK and DENVER, Jan. 5, 2018 /PRNewswire/ — Situs, the premier provider of strategic business and technology solutions to the real estate industry, today announced that it has entered into a definitive agreement to acquire MountainView Financial Solutions, a leading service provider to the financial services industry. The transaction, which is subject to customary closing conditions, is expected to be completed on or before January 31st. Headquartered in Denver, CO, MountainView is an industry-leading valuation and risk analytics business for the financial services sector.
“MountainView is the premier valuation and brokerage platform for Mortgage Servicing Rights (MSRs), hard-to-value securities and whole loans, and has a well-earned reputation as an elite provider of risk management analytics for financial institutions,” said Steve Powel, CEO of Situs.
“Together with our 2017 acquisition of The Collingwood Group, the MountainView transaction expands our set of capabilities and positions Situs as the trusted advisor of choice within the continually evolving housing finance market, and puts Situs at the nexus of real estate and Fintech.”
MountainView’s professionals will work alongside Situs to deliver a spectrum of risk management and transaction services, and build on the group’s foundation of valuation and regulatory advisory services. “MountainView’s breadth of services is a natural extension of Situs’ existing analytics offerings,” said MountainView CEO Michael Morgan. “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.”
As leaders in the real estate industry continue to explore ways in which data and analytics will drive better business decisions and outcomes, Situs is committed to continuously investing in the people, processes and technology that will ensure that the company is always providing the highest levels of service and an unparalleled range of risk management and workflow solutions.