[1]San Antonio-based diversified financial services firm SWBC [2] announced the launch of SWBC Lending Solutions [3], a new provider of end-to-end offerings for the financial services industry.
Created from the combination of SWBC's LendingXpress and its recent acquisitions of Quality Valuation Services (QVS) and Equi-Trax Asset Solutions LP, SWBC Lending Solutions was launched to provide products and services to cover all of the settlement services offerings used in originations and default management.
"We created SWBC Lending Solutions to provide an end-to-end solution that many financial institutions are asking for," SWBC Chairman Charlie Amato said. "Compliance and vendor oversight regulations have forced financial institutions to limit the number of vendor partners they work with."
As part of the transaction, Equi-Trax's Guy Taylor will serve as president of the new organization. Taylor has more than 30 years of senior level experience and led the development of his company's unique line of hybrid collateral valuation products.
Also coming to the new organization from Equi-Trax is Mark Weisgerber, who will serve as SVP and COO. He has more than 25 years of experience and has worked for the industry's largest title underwriters.
Joining SWBC Lending Solutions from QVS is Chuck Mureddu, who signed on as SVP and chief valuations officer. Mureddu also brings more than three decades of combined mortgage lending experience, including appraisal management, enterprise risk, loss mitigation, and whole loan exit strategies.
Finally, from SWBC, Joe Ware joins the team as SVP of channel management. Ware has more than 25 years' experience under his belt, having worked throughout his career in the collateral valuation and settlement services industries.
SWBC's own Ted Robinson will lead the organization as CEO.
"We are excited about growing SWBC Lending Solutions," SWBC President Gary Dudley said. "We will continue to look at strategic opportunities that build on our platform and add enterprise value."