Nationstar Mortgage Holdings Inc., a large Texas-based residential mortgage services company, announced the acquisition of Equifax Settlement Services Holding, LLC (ESS) Thursday.
Nationstar said the acquisition occurred February 6 and revealed plans to combine ESS with its Solutionstar platform and rebrand ESS as Solutionstar Settlement Services.
ESS provides appraisal, title insurance and settlement services and employs over 130 people in Coraopolis, Pennsylvania and Frisco, Texas.
""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,"" said Nationstar CEO Jay Bray in a release. ""In support of our strategy to further broaden our real estate services offering across the entire mortgage lifecycle, we will continue to pursue strategic acquisitions of fee-based services companies that meet our return thresholds.""