LERETA, offering real estate tax and flood determination services, recently acquired the real estate tax services business of QBE, which also provides lender-placed and residential property insurance.
LERETA says by combining the two platforms, it will be able to offer a comprehensive suite of real estate tax and outsourcing services and ‘raise the bar in the industry for innovative technology solutions.’
The company says it will maintain operational facilities on the east coast currently occupied by QBE Tax staff – a move that will give it additional scalability to support future growth.
‘LERETA and QBE Tax have both built solid reputations in the industry as high quality service providers and innovators,’ says Jim Thornton, president of LERETA, in a release. ‘We are excited to combine our strengths to offer the industry the most comprehensive, innovative suite of tax service products available today.’
‘We are thrilled to announce our acquisition of QBE Tax, and are confident that our substantial experience, technology platform and systems, and broad industry expertise will accomplish our goal of a very smooth transition for our new employees and customers alike,’ adds Doug Foley, CEO of LERETA. ‘With our commitment to problem-solving and providing the highest standard of service in the industry, we pledge to carefully listen and respond to our new and existing customers' issues and concerns. We are strong, healthy, and excited about the growth prospects and opportunities to continue to serve the changing needs of the mortgage servicing industry.’