Mortgage Connect, a national closing and title settlement service provider, and M&G Realty Enterprises, a real estate services investment company, both of which are owned by MCMG Holdings, have acquired Urban Lending Solutions Appraisals (ULSA), a nationwide appraisal management company.
ULSA offers innovative, customizable valuation solutions to midsize and large lenders and servicers. Following the acquisition, the company will transition to the name Valuation Connect. It will operate as a subsidiary of Mortgage Connect.
In a release, Jeff Coury, CEO of Mortgage Connect, says, “expanding into valuations adds depth to our portfolio of mortgage services and strengthens our position in the marketplace.”
Scot Rose, president of ULSA, will continue to lead the division and will be joined by his current management team and staff.
“Joining the Mortgage Connect family allows us to cultivate innovative ways to service our current clients and to diversify as a leading mortgage services provider,” Rose says.
Terms of the deal were not divulged in the release.