Situs is a provider of strategic business and technology solutions to the real estate industry. The company said it expects to complete the transaction, which is subject to customary closing conditions, on or before Jan. 31.
“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,” Situs CEO Steve Powel said.
“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,” Powel said. The Collingwood Group is a business advisory firm specializing in housing finance.
Based in Denver, MountainView offers valuation and risk analytics services to the financial services sector. Its professionals will work with Situs to provide 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,” MountainView CEO Michael Morgan said. “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.”
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Situs announced that it is acquiring MountainView Financial Solutions, a service provider to the financial services industry.