Consolidated Analytics, a provider of property valuation, loan due diligence, mortgage fulfillment and advisory services, has acquired Carrington Property Services, a provider of third-party REO asset management, rental management and valuation services, for an undisclosed sum.
The deal broadens Consolidated Analytics’ suite of offerings as it seeks to become a one-stop services solution to the real estate finance industry.
“Mortgage industry participants are looking for a streamlined, scalable and centralized way to effectively evaluate and manage their real estate assets,” says Arvin Wijay, CEO of Consolidated Analytics, in a release. “The acquisition of CPS boosts our infrastructure, resources, technology and support functions, which will improve productivity and accelerate returns at every aspect of the asset management lifecycle.”
The deal builds on Consolidated Analytics’ earlier acquisitions of Equitable Mortgage Solutions, a mortgage fulfillment provider, and OpEXNow, a mortgage operations advisory firm.
With the acquisition of Carrington Property Services the firm gains a leadership position in the property valuation and management space. What’s more, the deal significantly augments Consolidated Analytics’ due diligence capabilities for non-performing loan buyers.