Situs, a provider of business and technology solutions to the real estate industry, has entered into a definitive agreement to acquire MountainView Financial Solutions, a service provider to the financial services industry.
MountainView, which is headquartered in Denver, focuses on valuation and risk analytics.
“MountainView is the premier valuation and brokerage platform for mortgage servicing rights (MSRs), hard-to-value securities and whole loans, and has a well-earned reputation as an elite provider of risk management analytics for financial institutions,” says Steve Powel, CEO of Situs.
“Together with our 2017 acquisition of The Collingwood Group, the MountainView transaction expands our set of capabilities and positions Situs as the trusted advisor of choice within the continually evolving housing finance market, and puts Situs at the nexus of real estate and fintech.”
“As a part of the Situs family, MountainView will be able to leverage Situs’ existing tools, resources, data and partnerships to further develop our combined analytics framework, enhance our models and extend our offerings into new asset classes and to more clients,” adds MountainView CEO Michael Morgan.
The transaction is expected to be completed on or before January 31.